FASB Holds January 20 Meeting

At its January 20, 2021, meeting, the FASB discussed its project on segment reporting. Specifically, the Board continued deliberating a principle-based disclosure requirement related to significant segment expenses. The FASB made tentative decisions about (1) the order of applying the significance threshold, (2) retention of the significance threshold, and (3) application of the principle when multiple segment profit or loss measures are reported. The Board also asked the staff to explore matters related to various scenarios in which segment expenses are regularly provided to the chief operating decision maker.