Tentative Board Decisions

Tentative 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.

January 23, 2014 Joint FASB/IASB Videoconference Board Meeting

Leases:  The FASB and the IASB began their redeliberations of the proposals included in the May 2013 Exposure Draft, Leases. The objective of the meeting was to have an in-depth discussion of the following topics:
  1. Lessor accounting model
  2. Accounting for “Type A” leases by lessors
  3. Lessee accounting model
  4. Lessee small-ticket leases.
Next Steps

The Boards were not asked to make any decisions. The Boards directed the staff to perform further analysis on those topics for discussion at a future Board meeting.