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 on (1) “[r]eturning to qualitative assessments of hedge effectiveness after performing a quantitative assessment of hedge effectiveness” and (2) “[p]otential changes to the requirements for private company hedge documentation.”
For more information, see Deloitte’s related journal entry as well as the meeting minutes on the FASB’s Web site.
Revenue recognition research
The Board reviewed the staff’s research on nonrecurring engineering and preproduction costs and the related reimbursements from customers. No technical decisions were made.
For more information, see Deloitte's related journal entry the meeting minutes on the FASB’s Web site.