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Highlights from the FASB’s November 11 meeting

  • FASB meeting Image

Nov 12, 2015

At its November 11, 2015, meeting, the FASB discussed (1) the disclosure framework, (2) impairment, (3) classification and measurement, and (4) leases.

Dis­clo­sure frame­work: dis­clo­sure review — fair value measurement

The FASB di­rected the staff to begin draft­ing a pro­posed ASU for a vote by written ballot. For more information, see the meeting minutes on the FASB's Web site.

Financial instruments — impairment

The FASB continued redeliberating its project on the credit impairment of financial instruments. Specifically, the Board discussed (1) troubled debt restructurings, (2) available-for-sale debt securities, and (3) feedback received on its confidential external review (i.e., “fatal flaw”) draft. In addition, the Board discussed the effective date and early adoption of the final standard.

For more in­for­ma­tion, see Deloitte’s related journal entry and the meeting minutes on the FASB’s Web site.


See our previous article for information about this session.

Classification and measurement

See our previous article for information about this session.

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.