FASB Holds November 8 Meeting

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.

For more information, see the tentative Board decisions on the FASB’s Web site.