Tentative Board Decisions
Tentative Board decisions are provided for those interested in
following the Board´s deliberations. All of the reported decisions are
tentative and may be changed at future Board meetings.
November 24, 2014 FASB Board Meeting
Conceptual Framework: Presentation.
The Board discussed factors (for example, characteristics of an item
and activity from which the recognized item resulted) to help the Board
establish standards for aggregating individual assets, liabilities,
equity, revenues, expenses, gains, and losses into line items in the
financial statements. The Board decided that the factors recommended by
the staff were appropriate but pointed out that not all of the factors
can be applied in each set of financial statements because that would
require more line items than can reasonably be presented. Consequently,
the Board directed the staff to consider how to weigh the factors in
various circumstances and how practical considerations (such as space
limitation and cost) should affect Board´s presentation decisions.