SBAC Holds November 2020 Meeting

The Small Business Advisory Committee (SBAC) held a virtual meeting with the FASB on November 12, 2020. Topics discussed at the meeting included:

• Implementation of, and targeted improvements to, the FASB’s new leasing standard.
• Reference rate reform.
• Disclosure framework: disclosures — interim reporting.
• Distinguishing liabilities from equity (including convertible debt).

For more information, see the meeting recap on the FASB’s Web site.