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.
March 30, 2011 FASB Board Meeting
Investment
properties. The Board decided that real estate entities that are
wholly owned by only one investor would not consider the unit ownership
and pooling of funds criteria for determining an investment property
entity. The exemption only applies if the investor accounts for its investments
at fair value pursuant to a requirement or an option under U.S.
GAAP.