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, August 21, 2019 FASB Board Meeting

Hedging—last-of-layer method. The Board discussed outreach performed and issues encountered in (1) developing a last-of-layer model for multiple layers and (2) potentially providing further guidance on the accounting for fair value hedge basis adjustments for both the existing single-layer model and the proposed multiple-layer model. The meeting was educational; no decisions were made.

Not-for-profit reporting of gifts-in-kind. The Board discussed its research project on the potential approaches for presentation, disclosure, and valuation of gifts-in-kind (GIKs), including donated pharmaceuticals, and decided to add a project to the Board’s technical agenda. The objective of the project is to provide additional transparency in the reporting of GIKs through potential enhancements to presentation and disclosure. 
The Board decided that the preliminary scope of the project would be GIKs of nonfinancial assets and instructed the staff to proceed with additional research and outreach on both the scope and the potential enhancements. As part of that additional research and outreach, the Board also instructed the staff to determine whether additional educational guidance concerning application of existing valuation guidance in Topic 820, Fair Value Measurement, may be warranted to address diversity in practice that may exist.  
Next Steps 
The staff will conduct further research and outreach with stakeholders, including with the FASB’s Not-for-Profit Advisory Committee at its September 16-17 meeting, and expects to present the findings from such research and outreach to the Board for a decision-making meeting in October.