FASB Summary of April 9, 2002 Board Meeting Discussion

FASB: Summary of April 9, 2002 Board Meeting Discussion

Derivatives Implementation Group

Summary of April 9, 2002 Board Meeting Discussion on Statement 133 Implementation Issues

Financial instruments: derivatives implementation. At its April 9, 2002 meeting, the Board decided not to object to the staff making modifications to clarify Statement 133 Implementation Issues No. A14, "Derivative Treatment of Stock Purchase Warrants Issued by a Company for Its Own Shares of Stock Where the Subsequent Sale or Transfer Is Restricted," and B16, "Calls and Puts in Debt Instruments." Both Implementation Issues A14 and B16 had previously been cleared by the Board and posted to the FASB website. The Board also decided not to object to the staff’s issuing guidance in a question-and-answer format (Q&A) on Statement 133 Implementation Issue No. B35, "Application of Statement 133 to a Not-for-Profit Organization’s Obligation Arising from an Irrevocable Split-Interest Agreement."