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 2, 2015 FASB Board Meeting
Disclosure Framework: Disclosure Review—Defined Benefit Plans.
The Board discussed disclosures about defined benefit plans in
financial statements of plan sponsors and decided that nonpublic
entities would be required to disclose the effects of a
one-percentage-point change in assumed health care cost trend rates on
the (a) aggregate of the service and interest cost components of net
periodic benefit costs and (b) benefit obligation for postretirement
health care benefits. This disclosure already is required for public
entities.
The Board directed the staff to draft a proposed Accounting Standards
Update for vote by written ballot, with a comment period of 90 days.
Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit cost.
The Board discussed comments received from reviewers on a draft of the
proposed Accounting Standards Update on the following issues:
- Presentation of prior service cost or credit
- Capitalization of net benefit cost for a rate-regulated entity
- Separate line item or items outside operating items, if applicable.
The Board directed the staff to clarify the wording in certain instances
and add specific questions for respondents to the proposed Update.
The Board directed the staff to draft a proposed Accounting Standards
Update for vote by written ballot, with a comment period of 90 days.
Conceptual Framework—Measurement. The Board discussed how to describe or explain the following:
- Estimating market prices and cost-based amounts
- The effect on understandability of using different methods of determining carrying amounts
- The relationship of information about management performance to the objective of financial reporting.
The Board made no decisions.