FASB Holds November 11 Meeting
November 13, 2020
At its November 11, 2020, meeting, the FASB discussed its projects on the following topics:
- Identifiable intangible assets and subsequent accounting for goodwill — The Board held an educational session to discuss the staff’s “research and analysis on amortization periods and methods for an impairment-with-amortization model for the subsequent accounting for goodwill” and “evolving models in which the subsequent accounting for goodwill changes over time.”
- Conceptual framework — presentation — The Board made tentative decisions about issues raised in comment-letter feedback on proposed FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting — Chapter 7, Presentation.