United States

Joint FASB/IASB Meeting - March 18-19, 2014

Mar 24, 2014
From the Financial Reporting View

The FASB and IASB met on March 18-19 and discussed:

Leases. The Boards continued redeliberations about their 2013 Exposure Drafts, specifically, the lessee accounting model, the lessor accounting model, lessee balance sheet presentation, small ticket leases, lease term, and short-term leases. See Defining Issues 14-17.

Insurance Contracts. The IASB continued redeliberations about its 2013 Exposure Draft, specifically, margin unlocking under the building-block approach, and using other comprehensive income for changes in fulfillment cash flows due to changes in discount rates. Members of the FASB and its staff participated in this discussion.

Read Tentative Board Decisions