SUMMARY OF BOARD DECISIONS
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.
February 12, 2013 FASB Board MeetingLeases.
Consequential Amendments for Licenses of Internal-Use Software
The Board decided to remove the guidance in paragraph 350-40-25-16, which requires entities to analogize to Topic 840 on leases when determining the asset acquired in a software licensing agreement.