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.

September 4, 2013 FASB Board Meeting

Agenda Decision: Stock Compensation—Discretionary Provisions and Clawback Features. The Board decided not to add a project to the agenda on how to determine the grant date of share-based payments when the terms and conditions of those awards contain discretionary provisions and clawback features.


Not-for-Profit Financial Reporting—Financial Statements. The Board continued deliberations on the project and tentatively decided to:
  1. Replace the existing requirements of paragraphs 958-210-45-1 and 958-225-45-1 to present totals for each of three classes of net assets on the face of a statement of financial position and for changes in each of those classes on the face of a statement of activities with similar requirements for each of two classes of net assets that convey net assets with donor-imposed restrictions and without donor-imposed restrictions. The Board also decided to make conforming changes to the terminology and definitions of the net asset classes.
  2. Retain the current requirement to provide information about the nature and amounts of different types of donor-imposed restrictions but modify the requirement to (a) remove the hard-line distinction between temporary restrictions and permanent restrictions and (b) focus instead on describing differences in the nature with a focus on both how and when the resources (net assets) can be used.
  3. Require disclosure of information about the amount and purposes of board designations of net assets without donor-imposed restrictions.