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Highlights from the FASB's August 26 meeting

  • FASB meeting Image

Aug 27, 2015

At its August 26, 2015, meeting, the FASB discussed its conceptual framework and disclosure framework projects.

Conceptual framework: measurement

The FASB discussed the types of expenditures and other items that might be included in initial carrying amounts of assets, liabilities, and equity instruments. See the meeting minutes on the FASB's Web site for more information.

Disclosure framework — disclosure review: income taxes

The FASB made several decisions about unrecognized tax benefits. See Deloitte's related journal entry and the meeting minutes on the FASB's Web site for more information.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.