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 an Accounting Standards Update.
July 22, 2010 FASB Board Meeting
Leases.
The Board discussed application guidance on when to use the performance
obligation or derecognition approach to lessor accounting. The Board did not
reach any decisions at this meeting. The Board will continue its discussion
jointly with the IASB at the joint Board meeting that will be held
today.