At its May 29, 2019, meeting, the FASB discussed (1) segment reporting and (2) not-for-profit implementation.
The Board is developing topics for a study on segment disclosures and discussed the following options:
Require that entities report segment information in a financial statement format — The Board decided to exclude this alternative because of the alternative’s complexity but directed its staff to research how to improve segment reconciliation requirements.
Require additional general disclosures in ASC 280 — The Board directed its staff to study the effect of including additional general segment disclosure requirements.
The Board discussed a draft of a staff Q&A related to ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made, and directed its staff to post the final document to its Web site.