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.

Wednesday, June 13, 2018 FASB Board Meeting

Segment reporting. The staff updated the Board on the project and discussed a plan to undertake extended outreach that considers improvements to the aggregation criteria and the reportable segments process. 

The extended outreach would focus on two alternatives:
  1. Re-order the process for determining reportable segments and move the quantitative thresholds earlier in that process
  2. Remove the aggregation criteria, thereby each operating segment would be reportable until a practical limit is reached.      
The Board discussed the merits of whether the project should focus on both alternatives (1) and (2) or whether the project should focus solely on alternative (2). The Board decided that obtaining feedback on both alternatives would help in future deliberations.

The Board discussed, at length, the timing and materials for the extended outreach, which would involve onsite visits to obtain detailed feedback on both alternatives (1) and (2), an analysis of how reportable segments would change, and understanding operability concerns and unintended consequences of the alternatives. The Board gave permission for the staff to proceed with the extended outreach.
 
Next Steps 

The staff will identify potential companies and preparers to participate in the extended outreach and plans to begin that outreach in August 2018.