At its November 8 meeting, the FASB decided to add to its agenda a research project
on improving the guidance on the statement of cash flows. The main goal of the
project will be to enhance the decision-usefulness of the information on this topic
that is provided to investors.
In addition, the Board continued deliberating the measurement chapter of its
conceptual framework for financial reporting (Concepts Statement 8) and has directed
its staff to draft a proposal related to this chapter for a vote by written ballot.