Tentative Board Decisions

Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.

April 28, 2014 FASB Board Meeting

FASB Agenda Prioritization. The Board discussed the results of staff research on four potential projects and made the following decisions.

The Board added the following two projects to its agenda:

  1. Presentation issues in the statement of cash flows—The project is expected to clarify the existing principles in Topic 230, Statement of Cash Flows, and provide additional guidance about what an entity should consider in determining how to classify certain cash flows. The Board also will consider additional disclosure related to cash flows.
  2. Fees paid by a customer in a cloud computing arrangement—The project is expected to provide guidance that would clarify how a customer should account for its fees paid in a cloud computing arrangement.

The Board decided not to undertake projects relating to the following:

  1. A request for additional disclosures about the carbon content in fossil fuel reserves
  2. A request to expand the scope of Accounting Standards Update 2014-01 on low income housing tax credit investments to other tax credit investments.