FASB has voted to add three new projects to its technical agenda. The decisions represent the final stage of FASB’s year-long agenda consultation project, which included extensive stakeholder outreach and input on its August 2016 Invitation to Comment.
During the meeting, FASB voted to add the following projects to its technical agenda:
- A project on distinguishing liabilities and equity that would improve understandability and reduce complexity—without sacrificing the relevance of information provided to financial statement users—with a focus on indexation and settlement (within the context of the derivative scope exception), convertible debt, disclosures, and earnings per share
- One component of FASB’s Financial Performance Reporting Research project focused on the disaggregation of performance reporting by function and nature
- A narrow-scoped project on segment reporting intended to improve the aggregation criteria and segment disclosures.
FASB also voted to remove from its research agenda the following projects:
- Accounting for Financial Instruments: Interest Rate Risk Disclosures
- Pensions and Other Postretirement Employee Benefit Plans
- A holistic project on accounting for intangibles assets
- The segment disclosure component of Phase 2 of the Financial Statements of Not-for-Profit Entities project.