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Highlights of the FASB’s January 30 meeting

  • FASB meeting Image

Jan 31, 2019

At its January 30, 2019, meeting, the FASB (1) ratified an EITF consensus and (2) held an educational session on distinguishing liabilities from equity (including convertible debt).

Ratification of EITF consensus

The FASB ratified the EITF consensus reached at the January 2019 EITF meeting on Issue 18-B, “Improvements to Accounting for Episodic Television Series,” and directed its staff to draft an ASU for a vote by written ballot.

For more information, see our related EITF Snapshot newsletter as well as the meeting minutes on the FASB’s Web site.

Distinguishing liabilities from equity (including convertible debt)

During this educational session, the Board discussed “(a) disclosures for convertible instruments, (b) determining whether instruments are indexed to, and settled in, an entity’s own stock within the context of the derivative scope exception and related disclosure, and (c) earnings per share.”

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.