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FASB and IASB hold joint education meeting

  • FASB (US Financial Accounting Standards Board) Image
  • IASB (International Accounting Standards Board) Image

Jul 26, 2019

On July 23, 2019, the FASB and IASB held a joint education meeting to discuss standards that the boards developed together, or that are largely converged, as well as new projects that both boards have on their work plans.

Specif­i­cally, the boards dis­cussed the fol­low­ing topics:

  • Segment re­port­ing.
  • Primary fi­nan­cial state­ments and fi­nan­cial per­for­mance re­port­ing.
  • Financial instruments with characteristics of equity and distinguishing liabilities from equity.
  • IBOR reform and reference rate reform.
  • Good­will and im­pair­ment, and identifiable intangible assets and subsequent accounting for goodwill.
  • Disclosure initiative and disclosure framework.
  • Im­ple­men­ta­tion of the revenue recog­ni­tion and leasing stan­dards.

No decisions were made.

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