Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.

Wednesday, February 16, 2022 FASB Board Meeting
Disaggregation—income statement expenses (formerly the financial performance reporting—disaggregation of performance information project). The Board discussed the feedback received on its June 2021, Invitation to Comment, Agenda Consultation, and deliberated the next steps for the project.

The Board decided to:
  1. Revise the project objective, stating that the objective is to improve the decision usefulness of business entities’ income statements through the disaggregation of certain expense captions.
  2.  Establish a project scope that includes the following expense captions: (a) selling, general, and administrative expenses, (b) cost of services and other cost of revenues, and (c) cost of tangible goods sold.
The Board discussed the next steps of the project and directed the staff to begin research on all the expense captions identified in the scope above. The Board directed the staff to commence initial deliberations on the project under the new scope and objective, noting that tentative decisions made under the previous scope and objective would no longer be applicable.