FASB Holds August 13 Meeting

At its August 13, 2025, meeting, the FASB discussed feedback received on its proposed Accounting Standards Update (ASU) Environmental Credits and Environmental Credit Obligations. Tentative decisions made at the meeting include the following:

• The scope, recognition, derecognition, initial measurement, and subsequent measurement of environmental credits and environmental credit obligations.
• The costing methods and portfolio approach applied in measuring environmental credits.
• The accounting policy election related to subsequent measurement of environmental credits at fair value.
• Presentation and disclosure (both quantitative and qualitative) requirements.
• Transition, effective date, and early adoption.

In addition, the Board decided to add to its research agenda a project on digital assets. The project “will explore targeted improvements to the accounting for and disclosure of certain digital assets and related transactions, including (1) whether certain payment digital assets are cash equivalents and (2) the accounting for certain digital asset transfers, such as crypto lending.”

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