FASB Holds January 18 Meeting
January 20, 2023
At its January 18, 2023, meeting, the FASB discussed its projects on the following topics:
- Accounting for and disclosure of software costs — The Board discussed feedback on this project and directed its staff to further research the initial development cost model and a dual model. The Board requested that the research be completed before presentation and disclosure improvements are considered.
- EITF Issue No. 21-A, “Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method” — The Board ratified the final consensus reached at the EITF’s December 1, 2022, meeting and directed its staff to draft a final ASU for a vote by written ballot.
For more information, see the meeting handout on the FASB’s Web site.