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, August 21, 2019
FASB Board Meeting
Hedging—last-of-layer
method. The Board discussed outreach performed and issues encountered in (1)
developing a last-of-layer model for multiple layers and (2) potentially
providing further guidance on the accounting for fair value hedge basis
adjustments for both the existing single-layer model and the proposed
multiple-layer model. The meeting was educational; no decisions were
made.
Not-for-profit
reporting of gifts-in-kind. The Board discussed
its research
project on the potential
approaches
for presentation, disclosure, and valuation of gifts-in-kind (GIKs), including donated pharmaceuticals, and decided to
add a project to the Board’s technical agenda.
The objective of the project is to provide
additional transparency in the reporting of GIKs
through potential enhancements to presentation and disclosure.
Scope
The Board
decided that
the preliminary scope
of the project would be GIKs of nonfinancial
assets and instructed the staff to proceed with additional research and
outreach on both the scope and the
potential enhancements.
As part of that additional research and
outreach, the Board also instructed the staff
to determine whether additional
educational
guidance concerning application of existing
valuation guidance
in Topic 820, Fair Value Measurement, may be warranted to address
diversity in practice that may exist.
Next Steps
The staff will
conduct further research and
outreach
with stakeholders, including with the FASB’s Not-for-Profit Advisory Committee at its September 16-17 meeting, and expects to present the
findings from such
research and
outreach to the Board for a decision-making meeting in
October.