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, May 29, 2019 FASB Board Meeting
Segment reporting.
As part of developing the topics for a study on segment disclosures,
the Board discussed options to both require that segment information be
reported in a financial statement format and require additional general
disclosures in Topic 280, Segment Reporting.
The Board discussed the merits of the financial statement format
alternative. Because the complexities related to that alternative would
likely overwhelm the other issues included in the study, the Board
decided to exclude that alternative from the study. However, the Board
directed the staff to undertake research into how the segment
reconciliation requirements could be improved.
The Board also directed the staff to study the effect of including additional general segment disclosure requirements.
The Board gave permission for the staff to proceed with the study.
Not-for-profit implementation.
The Board discussed a draft of a Staff Q&A that addresses questions
on the limited discretion indicator (that is, the extent to which a
stipulation limits discretion by the recipient on the conduct of an
activity) and the accounting for cost-sharing provisions in grant
agreements.
The Board provided comments and instructed the staff to post the final document to the FASB website.