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.
April 11, 2012 FASB Board MeetingAccounting for financial instruments: liquidity and interest rate risk disclosures. The Board decided not to require qualitative disclosures related to an entity´s ability to remain a going concern that would supplement the proposed quantitative disclosures about liquidity risks. The basis for that decision was that meeting the additional informational needs of users with respect to the topic of an entity´s ability to remain a going concern would likely require a collaborative effort of the FASB and other organizations that possess the interest and means to provide the most effective solution.