Tentative Board Decisions
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.
Simplifying the balance sheet classification of debt. The Board discussed a summary of comments received on the proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent). No decisions were made.
The Board directed the staff to continue its additional outreach and research, focusing on the evaluation process done by regulatory bodies, particularly with the construction industry and state licensing agencies. The staff will present the prior outreach, the additional outreach results, and analysis of the issues for redeliberations at a future Board meeting.