Nonpublic Entity Resources
(Updated sections are indicated with an asterisk *)
This page provides a summary of the FASB’s activities that the staff views to be particularly relevant for nonpublic entity constituents. Please refer to the FASB website for complete information regarding FASB activities.
FASB Agenda Projects
*Agenda Projects Focusing on Nonpublic Entity Issues
| Project | Most Recent Decision |
Date |
Link |
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Not-for-Profit Financial Reporting: Other Financial Communications |
Issue Discussion Paper with the Exposure Draft of the Not-for-Profit Financial Reporting: Financial Statements project |
May 1, 2013 |
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Standing Agenda Item added to FASB Technical Agenda |
May 1, 2013 |
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Comment Deadline is June 21, 2013 |
April 15, 2013 |
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Scope |
July 31, 2012 |
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Project Plan |
June 6, 2012 |
Nonpublic Entity Decisions in Other FASB Agenda Projects
This section contains links to the most recent decisions that are particularly relevant to nonpublic entities for each project.[Please note that the following is not a complete list of all FASB tentative decisions reached that would apply to nonpublic entities. All such decisions generally are posted to individual web pages for each respective technical project. For details by project, please see the technical plan.]
| Project | Most Recent Decision for Nonpublic Entities |
Date |
Link |
| Fair Value Measurement: Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04 | Exposure Draft Issued | April 30, 2013 | |
| Insurance | Disclosure | February 27, 2013 | |
| Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities | Exposure Draft Issued | February 14, 2013 | |
| Going Concern | Disclosure | January 31, 2013 | |
| EITF Issue 12-B, “Not-for-Profit Entities: Services Received from Employees of an Affiliate” | Further outreach to be performed | January 17, 2013 | |
| EITF Issue 12-F, "Recognition of New Accounting Basis (Pushdown) in Certain Circumstances." | N/A | January 17, 2013 | |
| Technical Corrections and Improvements | Scope | November 14, 2012 | |
| “Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows” | Final ASU | October 2012 | |
| Leases | Lessee Incremental Borrowing Rate Lessee Disclosures | September 25, 2012 | |
| Impairment of Indefinite-Lived Intangible Assets | Final ASU | July 27, 2012 | |
| Accounting for Financial Instruments: Liquidity and Interest Rate Disclosures | Exposure Draft Issued | June 27, 2012 | |
| “Derecognition of inSubstance Real Estate—a Scope Clarification” | Final ASU | December 2012 | |
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Exposure Draft Issued (Comment Letter Deadline: March 13, 2012) |
November 4, 2011 |
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Disclosures about an Employer’s Participation in A Multiemployer Plan |
Final ASU |
September 21, 2011 |
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Final ASU |
September 15, 2011 |
To view archived public meetings, please see Webcast - Archived Recordings. [Please note, recordings are available for thirty days following the meeting date.]
In addition, the Board’s Action Alert Service by email is a useful way to stay well-informed about decisions reached, due-process documents and Accounting Standards Updates issued, and upcoming meetings of the Board and its advisory groups.
Meetings and Other Outreach Activities
The FASB and its staff conduct meetings and other outreach activities in order to solicit input from stakeholders throughout its standard-setting process. This section contains links to upcoming meetings and other outreach activities that are particularly relevant to nonpublic entities, as well as links to the most recent minutes of each respective meeting or other outreach activity.
*Upcoming
|
Meeting Dates |
Description |
Location |
| June 5, 2013 |
FASB Update Webcast | Online |
| July 16, 2013 |
Private Company Council | Norwalk, CT |
| September 9-10, 2013 | Not-for-Profit Advisory Committee (NAC) | Norwalk, CT |
| September 27, 2013 | Technical Issues Committee of the AICPA Private Company Practice Section Liaison Meeting | AICPA Offices New York, NY |
| October 1, 2013 | Private Company Council | Norwalk, CT |
| October 11, 2013 | AICPA Auditing Standards Board Audit Issues Task Force Liaison Meeting | AICPA Offices New York, NY |
| November 7, 2013 | Small Business Advisory Committee (SBAC) | Norwalk, CT |
| November 12, 2013 | Private Company Council | Norwalk, CT |
*Recent
Organization
|
Most Recent Meeting Date |
Link |
| Private Company Council | May 6-7, 2013 | |
| Small Business Advisory Committee (SBAC) | April 30, 2013 | |
| National Association of College and University Business Officers | April 5, 2013 | |
| Not-for-Profit Advisory Committee (NAC) | February 28 and March 1, 2013 | |
| Private Company Council (PCC) |
February 12, 2013 | |
| Small Business Advisory Committee (SBAC) | January 25, 2013 | |
| Private Company Council (PCC) | December 6, 2013 | |
| Private Company Financial Reporting Committee (PCFRC) | October 4-5, 2012 | |
| AICPA Auditing Standards Board | September 28, 2012 |
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| Technical Issues Committee (TIC) of the AICPA Private Companies Practice Section | September 25, 2012 |
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| Not-for-Profit Advisory Committee (NAC) | September 6-7, 2012 |