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Highlights of the FASB’s March 14 meeting

  • FASB meeting Image

Mar 15, 2018

At its March 14, 2018, meeting, the FASB discussed its projects on (1) disclosures by business entities about government assistance and (2) defined benefit plans.

Disclosures by business entities about government assistance

The Board discussed its proposed ASU, Disclosures by Business Entities About Government Assistance. No decisions were made.

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

Disclosure framework — disclosure review: defined benefit plans

The Board discussed its proposed ASU, Changes to the Disclosure Requirements for Defined Benefit Plans, and made decisions related to:

  • Removal of the disclosure of the effect of a one-percentage-point change in the assumed health care cost trend rates.
  • Clarification of the disclosure about aggregate information for underfunded pension plans.
  • Effective date and early adoption.
  • Costs and benefits.

The Board directed its staff to draft a final ASU for a vote by written ballot. For more information, see 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.