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Highlights from the FASB’s January 25 meeting

  • FASB meeting Image

Jan 27, 2017

At its January 25, 2017, meeting, the FASB discussed its projects on (1) agenda consultation, (2) disclosure framework — income taxes, and (3) hedging.

Agenda consultation

The Board discussed feedback received on its August 2016 invitation to comment, Agenda Consultation, including on topics such as (1) intangible assets (including research and development), (2) pensions and other postretirement benefit plans, and (3) distinguishing liabilities from equity. The Board will discuss the feedback received on reporting performance and cash flows at a later date. No decisions were made.

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

Disclosure framework: disclosure review — income taxes

The Board discussed comments received on its July 2016 proposed ASU, Disclosure Framework — Changes to the Disclosure Requirements for Income Taxes. No decisions were made. The FASB will host a public roundtable meeting on March 17, 2017, at its offices in Norwalk, Connecticut.

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

Accounting for financial instruments — hedging

The Board discussed comments received on its September 2016 proposed ASU, Targeted Improvements to Accounting for Hedging Activities, and made tentative decisions about a number of the proposed amendments.

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

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