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Simplifying the measurement date for plan assets

The objective of this project is to provide a practical expedient to allow employers to measure defined benefit plan assets on a date that is near to the employer’s fiscal year-end, when the fiscal period does not coincide with a month-end.

 

Meeting minutes

FASB Board discussions regarding this project are found in the following meeting minutes:

  • January 28, 2015 — The Board redeliberated its proposed Accounting Standards Update (ASU).
  • August 13, 2014 — The Board added this project to its agenda and began deliberations.

 

Current status

The FASB issued ASU 2015-04, Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets on April 15, 2015.

 

Project milestones

DateDevelopmentComments
August 13, 2014 Added to the FASB's agenda.
October 14, 2014 Proposed ASU, Compensation—Retirement Benefits (Topic 715): Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets. Comment deadline December 15, 2014.
April 15, 2015 FASB Accounting Standards Update No. 2014-04, Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets.
Effective December 15, 2015, for public entities.

Correction list for hyphenation

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