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, October 14, 2020
FASB Board Meeting
EITF
Issue No. 19-C, “Warrant Modifications: Issuers’ Accounting for Modifications of
Equity Classified Freestanding Call Options That Are Not within the Scope of
Topic 718 or Topic 815.” The Board clarified the terminology used in
describing the scope of the forthcoming proposed Accounting Standards Update for
EITF Issue 19-C (“freestanding equity-classified forwards and options” rather
than “freestanding equity-classified derivative instruments”). As a result,
the title of the project also will be revised to Issue No. 19-C, “Issuer’s
Accounting for Certain Modifications of Freestanding Equity-Classified Forwards
and Options.”