At its December 9, 2020, meeting, the FASB discussed its projects on the following topics:
Reference rate reform — The FASB discussed feedback on its proposed
ASU Reference Rate Reform (Topic 848): Scope Refinement and directed
its staff to draft a final ASU for a vote by written ballot.
Revenue recognition — The Board discussed feedback and completed
deliberations on its proposed ASU Franchisors — Revenue from Contracts
With Customers (Subtopic 952-606): Practical Expedient. The FASB
directed its staff to draft a final ASU for a vote by written ballot.
Conceptual framework — The FASB discussed feedback on proposed
Concepts Statement No. 8, Conceptual Framework for Financial Reporting —
Chapter 7, Presentation. The Board directed its staff to draft the
final version of the chapter for a vote by written ballot.