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Highlights from the FASB’s March 4 meeting

  • FASB meeting Image

Mar 06, 2015

At its March 4, 2015, meeting, the FASB discussed its projects on (1) fair value measurement disclosures and (2) financial statements of not-for-profit entities.

  • Fair value measurement disclosure requirements — The FASB made tentative decisions related to (1) modifying or eliminating certain disclosure requirements, (2) adding a new disclosure requirement for gains and losses, and (3) whether to move disclosure requirements to industry-specific Codification topics. For more information, see Deloitte’s related journal entry and the meeting minutes on the FASB's Web site.
  • Financial statements of not-for-profit entities — The FASB tentatively decided that the expected benefits justify the expected costs and complexities of implementing a proposed ASU and directed the staff to draft a proposal for public comment. For more information, see the meeting minutes on the FASB’s Web site.

Correction list for hyphenation

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