At its October 30, 2019, meeting, the FASB discussed proposed technical corrections to and minor clarifications of the Codification.
The Board made decisions related to the following terms in the ASC master glossary:
Expected losses and expected residual returns.
Cash balance plan.
The Board considered the effective date and transition requirements of ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities, and ASU 2016-13, Measurement of Credit Losses on Financial Instruments, before directing its staff to begin drafting a proposed ASU for a vote by written ballot.