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.

November 22, 2011 FASB Board Meeting

Agenda decision: nonpublic entity fair value measurement disclosures. Based on nonpublic entity stakeholder input, the FASB chairman added a project to the FASB agenda to evaluate the need to reduce existing disclosure requirements for nonpublic entities about fair value measurements falling within Level 3 of the fair value hierarchy. Level 3 of the fair value hierarchy refers to fair value measurements determined using significant unobservable inputs.