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Highlights from the FASB’s February 4 meeting

  • FASB meeting Image

Feb 06, 2015

At its February 4, 2015, meeting, the FASB made tentative decisions about transition and transition disclosures related to previous Board decisions about simplified accounting for share-based payments.

Topics discussed at the meeting included:

  • Tax withholding requirements.
  • Cash flow presentation of withholding taxes paid when shares are withheld from employees.
  • Excess tax benefits/deficiencies upon vesting or settlement of awards.
  • Accounting for forfeitures.
  • Cash flow presentation of excess tax benefits.
  • Classification of awards with repurchase features.
  • Expected term.
  • Measurement of awards at intrinsic value.

Further, the Board directed the staff to draft a proposed ASU, which is expected to be issued in the second quarter of 2015.

For details on the tentative decisions made during the meeting, see the related Deloitte journal entry and the meeting minutes on the FASB's Web site.

Correction list for hyphenation

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