Summary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. Decisions in an Exposure Draft may be (and often are) changed in redeliberations based on information provided to the Board in comment letters, at public roundtable discussions, and through other communication channels. Decisions become final only after a formal written ballot to issue a final standard.
October 7, 2009 Board Meeting
Financial statement presentation. The Board held an informational meeting with a member of the academic community and a member of the user community and discussed the benefits of the direct method statement of cash flows. This meeting was educational in nature and no decisions were made.