Project Update

Conceptual Framework—Presentation

Project Information Page

Last updated on July 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 Board Meeting
*Board/Other Public Meeting Dates
*Contact Information

*Decisions Reached at the Last Meeting (June 18, 2014)

The Board decided the following two presentation concepts should be further developed:

  1. Information should be grouped into reasonably homogeneous groups. Line items or subtotals that include items that have similar characteristics in more than one respect are likely to provide more information about prospects for future cash flows than if their characteristics are dissimilar.
  2. The association between changes in assets, liabilities, and equity instruments and the assets, liabilities, and equity instruments that changed should be made apparent in the financial statements (or in the financial statements and notes).


The 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.

*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.


Jill Switter
Project Manager

Jim Leisenring
Senior Advisor

Ron Lott
Senior Technical Advisor

Jaffer Alqamoussi
Postgraduate Technical Assistant