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Summary of the September 2015 PCC meeting

  • PCC meeting Image

Sep 25, 2015

At today’s meeting, the Private Company Council (PCC) discussed the results of the FASB’s future agenda prioritization survey. The PCC identified the following as top priorities: (1) other comprehensive income, (2) consolidations, (3) liabilities with characteristics of equity, (4) improving cash flow classification, and (5) financial statement presentation.

In addition, the PCC and FASB discussed the EITF’s project on cash flow statements related to the classification of certain cash receipts and cash payments, hedge accounting, the disclosure framework, and liabilities versus equity.  

The next PCC meeting is sched­uled for December 4, 2015.

For more in­for­ma­tion, see the media recap on the FASB’s Web site.

Correction list for hyphenation

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