At its October 7, 2020, meeting, the FASB discussed its projects on the following topics:
Reference rate reform — The Board decided to add to its technical
agenda a project on refining the scope of ASC 848, Reference Rate
Reform, and directed its staff to begin drafting a proposed ASU for
a vote by written ballot.
Segment reporting — The Board discussed alternatives related to
“developing a principles-based disclosure requirement that would potentially
require public entities to disclose significant segment expense categories
by reportable segment.” Ultimately, the Board decided on a requirement
“based on the significant segment expense categories that are . . .
[r]egularly provided to the chief operating decision maker, and [i]ncluded
in the reported measure of segment profit or loss.”