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Highlights from the FASB’s February 15 meeting

  • FASB meeting Image

Feb 17, 2017

At its February 15, 2017, meeting, the FASB discussed its project on hedging as well as its research on revenue recognition.

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.

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.