Project Information Page
Last updated on December 3, 2014. Please refer to the Current Technical Plan for information about the expected release dates of exposure documents and final standards.
(Updated sections are indicated with an asterisk *)
The staff has prepared this summary of Board decisions for information purposes only. Those Board decisions are tentative and do not change current accounting. Official positions of the FASB are determined only after extensive due process and deliberations. Please refer to the main Conceptual Framework project page for additional information related to the project.
*Decisions Reached at the Last Meeting (November 19, 2014)
The Board discussed a process for establishing standards for determining changes in carrying amounts (remeasurements or subsequent measurements). The Board directed the staff to continue developing the concepts underlying that process.
*Tentative Board Decisions Reached to DateThe Board discussed how to proceed with developing concepts related to measurement, including:
- Agreeing on the meanings of key terms and what the objectives and qualitative characteristics imply for measurement
- Identifying appropriate types of measurements
- Determining which measurements to use in specific circumstances.
*BOARD/OTHER PUBLIC MEETING DatesThe FASB meeting minutes are provided for the information and convenience of constituents who want to follow the Boards’ deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions become final only after a formal written ballot to issue a final Accounting Standards Update.
|*November 19, 2014||Board Meeting—The Board discussed a process for establishing standards for determining changes in carrying amounts (remeasurements or subsequent measurements).|
|*June 18, 2014||Board Meeting—The Board discussed how to proceed with the conceptual framework project|
Please refer to the measurement, presentation, and disclosure project pages for current Board meeting minutes related to each of those topics within the broader Conceptual Framework project.
*Next StepsThe staff will continue to develop concepts related to establishing standards for determining changes in carrying amounts.
Senior Technical Advisor
Postgraduate Technical Assistant