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Highlights from the FASB’s April 22 meeting

  • FASB meeting Image

Apr 23, 2015

At its April 22, 2015, meeting, the FASB discussed its projects on (1) the entity’s decision process phase of its disclosure framework project, (2) impairment, and (3) hedging.

  • Disclosure framework: entity’s decision process — After discussing the results of its outreach to auditors, the FASB made several decisions related to its March 2014 exposure draft and directed its staff to seek external review feedback on the draft of the proposed ASU. For more information, see Deloitte’s related journal entry.
  • Financial instruments: impairment — The FASB tentatively decided to revise the definition of a purchased credit-impaired asset. For more information, see Deloitte’s related journal entry.
  • Financial instruments: hedging — The FASB held an educational session to discuss four issues. No decisions were made.

For more information about the topics discussed at the meeting, see the tentative Board decisions on the FASB’s Web site.

Correction list for hyphenation

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