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, October 14, 2020 FASB Board Meeting

EITF Issue No. 19-C, “Warrant Modifications: Issuers’ Accounting for Modifications of Equity Classified Freestanding Call Options That Are Not within the Scope of Topic 718 or Topic 815.”  The Board clarified the terminology used in describing the scope of the forthcoming proposed Accounting Standards Update for EITF Issue 19-C (“freestanding equity-classified forwards and options” rather than “freestanding equity-classified derivative instruments”). As a result, the title of the project also will be revised to Issue No. 19-C, “Issuer’s Accounting for Certain Modifications of Freestanding Equity-Classified Forwards and Options.”