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.
September 10, 2014 FASB Board Meeting
Share-Based
Payment Accounting Improvements Research.The Board discussed potential
simplifications and improvements to accounting for share-based payment awards in
the following areas:
- Minimum statutory withholding requirements
- Accounting for forfeitures
- Accounting for income taxes upon vesting or settlement of awards
- Presentation of excess tax benefits on the statement of cash flows
- Share-based payment to non-employees for goods and services
- Practical expedients for private companies related to intrinsic value, the
simplified approach for expected term, and formula value plans.
The
Board directed the staff to perform additional outreach and research within
those areas. The Board made no technical decisions.
Disclosure
Framework: Board’s Decision Process. The Board discussed a summary of
comments received on the proposed FASB Concepts Statement, Conceptual
Framework for Financial Reporting—Chapter 8: Notes to Financial Statements.
The Board also discussed possible next steps for the project.
The Board
made no technical decisions.