Highlights from the FASB’s March 29 meeting
Mar 31, 2017
At its March 29, 2017, meeting, the IASB gave the FASB an update regarding the former’s projects on the conceptual framework and financial instruments with characteristics of equity. No technical decisions were made.
In addition, the Board ratified the consensus that the EITF reached on Issue No. 16-C, “Determining the Customer of the Operation Services in a Service Concession Arrangement,” at its March 16, 2017, meeting. The Board directed the staff to draft a final ASU related to this consensus for a vote by written ballot.
For more information, see the meeting minutes on the FASB’s Web site.