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Highlights from the FASB’s July 13 meeting

  • FASB meeting Image

Jul 14, 2016

At its July 13, 2016, meeting, the FASB discussed its projects on hedging and defined benefit plans.

Financial instruments — hedging

The FASB made tentative decisions related to the critical-terms-match method, the application of the shortcut method, transition, hedged forecasted transactions, and cost-benefit analysis.

The FASB di­rected its staff to begin draft­ing a proposed ASU for a vote by written ballot. For more in­for­ma­tion, see De­loitte’s related journal entry as well as the meeting minutes on the FASB’s Web site.

Disclosure framework — disclosure review: defined benefit plans

The FASB discussed feedback on its proposed ASU Changes to the Disclosure Requirements for Defined Benefit Plans and directed its staff to conduct additional research. For more in­for­ma­tion, see the meeting minutes on the FASB’s Web site.

Correction list for hyphenation

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