Aug 08, 2016
From the Financial Reporting Network
The FASB recently issued Invitation to Comment – Agenda Consultation to solicit feedback about potential financial accounting and reporting topics that it should consider adding to its agenda. The Invitation to Comment addresses areas of concern identified by the Board’s stakeholders in recent surveys.
The document identifies potential financial reporting issues and possible solutions about intangible assets, pensions and other postretirement benefit plans, distinguishing liabilities from equity, and reporting performance and cash flows. The FASB specifically requested feedback about which of these issues it should address and how to prioritize and approach the issues.
The Board also asked for feedback about other major areas that are not identified in the Invitation to Comment but that it should consider adding to its agenda. The comment period ends October 17.