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Highlights from the FASB’s May 4 meeting

  • FASB meeting Image

May 05, 2016

At its May 4, 2016, meeting, the FASB discussed its projects on (1) disclosures by entities about government assistance and (2) improvements to nonemployee share-based payment accounting.

Disclosures by entities about government assistance

The FASB discussed feedback received on its November 2015 proposed ASU Disclosures by Business Entities About Government Assistance. The Board decided to address the following issues at a future meeting: (1) scope, (2) disclosures, (3) restrictions, (4) transition and effective date, (5) private-company considerations, and (6) overall costs and benefits of the disclosures.

For more information, see the meeting minutes on the FASB’s Web site.

Improvements to nonemployee share-based payment accounting

The FASB discussed questions related to the share-based payment transaction alternatives presented at its December 2015 meeting. The Board tentatively decided to expand the scope of ASC 718, Compensation — Stock Compensation, to include all share-based payment arrangements related to acquiring both goods and services from nonemployees.

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

Correction list for hyphenation

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