FASB Updates Technical Agenda

At its October 21, 2020, meeting, the FASB decided to add to its technical agenda projects on (1) disclosure of supplier finance programs involving trade payables and (2) consolidation of a not-for-profit entity by a for-profit sponsor.

In addition, the FASB decided not to include projects on digital currencies, changes to reporting of diluted earnings per share, and the lessee’s discount rate.