FASB and IASB Hold Joint Education Meeting

On July 23, 2019, the FASB and IASB held a joint education meeting to discuss standards that the boards developed together, or that are largely converged, as well as new projects that both boards have on their work plans.

Specifically, the boards discussed the following topics:

• Segment reporting.
• Primary financial statements and financial performance reporting.
• Financial instruments with characteristics of equity and distinguishing liabilities from equity.
• IBOR reform and reference rate reform.
• Goodwill and impairment, and identifiable intangible assets and subsequent accounting for goodwill.
• Disclosure initiative and disclosure framework.
• Implementation of the revenue recognition and leasing standards.

No decisions were made.