Summary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. Decisions in an Exposure Draft may be (and often are) changed in redeliberations based on information provided to the Board in comment letters, at public roundtable discussions, and through other communication channels. Decisions become final only after a formal written ballot to issue an Accounting Standards Update.

December 8, 2011 FASB Board Meeting

Consolidation, investment companies, and investment property entities.

The Board decided to extend the comment period deadline to February 15, 2012, for the following recently issued proposed Accounting Standards Updates:
  1. Financial Services — Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements

  2. Real Estate — Investment Property Entities (Topic 973)

  3. Consolidation (Topic 810): Principal versus Agent Analysis.