Research Projects

In addition to the major projects and application and implementation projects discussed above, the Board has research projects on its agenda. Through research projects, technical issues are studied for the purpose of developing the nature and scope of potential major projects. Current research projects are discussed below.

  • Application of Asset- or Entity-Based Guidance to Nonfinancial Assets Held in an Entity  
    (Updated April 13, 2012)
  • Private Company Decision-Making Framework 
    (Invitation to Comment issued 07/31/12. Updated December 5, 2012)
  • Not-for-Profit Financial Reporting: Other Financial Communications 
    (Updated January 29, 2013)
  • Effective Dates and Transition Methods 
    (Updated July 28, 2011)
  • Share-Based Payment
    (Updated October 18, 2006. Current as of April 30, 2007.)

    The Board has on its agenda a long-term project to develop comprehensive guidance on the accounting for share-based payment arrangements. The first phase of that project, which focused primarily on the accounting for certain share-based payment transactions with employees, concluded with the December 2004 issuance of FASB Statement No. 123 (revised 2004), Share-Based Payment. Future phases of the project will reconsider the accounting for employee stock ownership plans in AICPA Statement of Position 93-6, Employers’ Accounting for Employee Stock Ownership Plans, and the accounting for share-based payment transactions with nonemployees in Statement 123(R). The Board does not expect to commence this phase until it completes (or makes substantial progress toward completing) its project on Financial Instruments: Liabilities and Equity.

  • Financial Instruments: Derecognition
    (Updated February 10, 2009)
  • The Board’s technical agenda includes a short-term project to amend guidance on accounting for the derecognition of transferred financial assets. The IASB also has an active project on its agenda to reconsider its guidance in this area. In April 2005, the IASB and the FASB directed the staff to begin a research project to develop a new approach to derecognition with an initial focus on financial assets that would be an improvement to both IAS 39, Financial Instruments: Recognition and Measurement, and FASB Statement No.140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. The Boards also directed the staff to consider as a part of that research project the feasibility of developing a broader derecognition standard that would apply to all types of assets. In July 2008, the IASB moved this project from its research agenda to its active agenda. It is currently deliberating an Exposure Draft that it plans to publish in the first quarter of 2009. In September 2008, the FASB published an Exposure Draft, Accounting for Transfers of Financial Assets. Currently, the FASB staff is monitoring the progress of the IASB project on derecognition and considering comments received on its proposal.

    IASB Derecognition Project Update

    Joint IASB and FASB Board Meeting Minutes, March 23, 2009

    Joint IASB and FASB Board Meeting Minutes, October 20, 2008