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Highlights of the FASB’s September 26 meeting

  • FASB meeting Image

Sep 27, 2018

At its September 26, 2018, meeting, the FASB discussed its project on updating the definition of collections and announced that it would be conducting preagenda research on hedging.

The Board discussed feedback received on its proposed ASU, Updating the Definition of Collections, and began redeliberations. The FASB directed its staff to conduct further research on direct care.

During the open discussion, Chairman Russ Golden asked the staff to conduct preagenda research on potential hedge accounting issues that are broader than the amendments made in ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities. 

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

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