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.

Wednesday, April 24, 2019 FASB Board Meeting

Financial performance reporting—disaggregation of performance information. The Board discussed an internal view approach to disaggregating income statement expense information. The staff identified and explained the main issues and alternatives for Board consideration on that approach and the draft preparer outreach materials. The goal of the internal view approach is to disaggregate income statement expense information based on how management internally views consolidated expenses.

The Board directed the staff to proceed with outreach, affirmed the staff’s outreach strategy, and recommended several types of entities for outreach efforts. Additionally, the Board highlighted areas for the staff to focus on during outreach with preparers and users.

Next Steps

The Board directed the staff to conduct outreach with preparers on the operability of the internal view approach as well as other follow-on issues and to conduct outreach with users in order to understand the usefulness of potential outcomes from the internal view approach.