SBAC Holds December 2019 Meeting December 23, 2019 The Small Business Advisory Committee (SBAC) held a meeting with the FASB on December 17, 2019. Topics discussed at the meeting included: EITF Issue on issuers’ accounting for equity-classified warrant modifications. Interim reporting of disclosures. Simplifying the balance sheet classification of debt. Distinguishing liabilities from equity (including convertible debt). The next SBAC meeting is scheduled for May 7, 2020. For more information, see the meeting recap on the FASB’s Web site.