Summary of Board Decisions
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.
September 4, 2013 FASB Board Meeting
Agenda
Decision: Stock Compensation—Discretionary Provisions and Clawback
Features. The Board decided not to add a project to the agenda on how to
determine the grant date of share-based payments when the terms and conditions
of those awards contain discretionary provisions and clawback features.
Not-for-Profit
Financial Reporting—Financial Statements. The Board continued deliberations
on the project and tentatively decided to:
- Replace the existing requirements of paragraphs 958-210-45-1 and
958-225-45-1 to present totals for each of three classes of net assets on the
face of a statement of financial position and for changes in each of those
classes on the face of a statement of activities with similar requirements for
each of two classes of net assets that convey net assets with
donor-imposed restrictions and without donor-imposed
restrictions. The Board also decided to make conforming changes to the
terminology and definitions of the net asset classes.
- Retain the current requirement to provide information about the nature and
amounts of different types of donor-imposed restrictions but modify the
requirement to (a) remove the hard-line distinction between temporary
restrictions and permanent restrictions and (b) focus instead on describing
differences in the nature with a focus on both how and when the resources (net
assets) can be used.
- Require disclosure of information about the amount and purposes of board
designations of net assets without donor-imposed restrictions.