FASB Discusses Project on Distinguishing Liabilities From Equity

At its February 5, 2020, meeting, the FASB redeliberated its July 2019 proposed Accounting Standards Update (ASU), Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, and made tentative decisions related to convertible instruments, earnings per share, the derivatives scope exception, transition, and effective date. The Board directed the staff to draft an ASU for external review.