The document provides an overview of the FASB's current technical agenda. It lists several projects related to recognition and measurement, presentation and disclosure, framework, research, and post-implementation that are in initial deliberations or have exposure drafts out for comment. The projects cover topics like accounting for crypto assets, software costs, environmental credits, and improvements to income tax, segment, and hedge accounting disclosures.
Original Description:
Technical Agenda of the Financial Accounting Standards Board as of December 21, 2022
The document provides an overview of the FASB's current technical agenda. It lists several projects related to recognition and measurement, presentation and disclosure, framework, research, and post-implementation that are in initial deliberations or have exposure drafts out for comment. The projects cover topics like accounting for crypto assets, software costs, environmental credits, and improvements to income tax, segment, and hedge accounting disclosures.
The document provides an overview of the FASB's current technical agenda. It lists several projects related to recognition and measurement, presentation and disclosure, framework, research, and post-implementation that are in initial deliberations or have exposure drafts out for comment. The projects cover topics like accounting for crypto assets, software costs, environmental credits, and improvements to income tax, segment, and hedge accounting disclosures.
Technical Agenda Overview Revised December 21, 2022
RECOGNITION & MEASUREMENT Current Stage Timing
Accounting for and Disclosure of Crypto Assets Initial deliberations Accounting for and Disclosure of Software Costs Initial deliberations Accounting for Environmental Credit Programs Initial deliberations Codification Improvements (next phase) Initial deliberations Codification Improvements—Amendments to Remove References to the Concepts Statements ED redeliberations Codification Improvements—Hedge Accounting ED redeliberations EITF 21-A, Accounting for Investments in Tax Credit Structures Using the Proportional ED redeliberations Amortization Method Financial Instruments—Credit Losses (Topic 326)—Acquired Financial Assets Initial deliberations Joint Venture Formations ED out for comment Ends December 27, 2022 Leases (Topic 842): Common Control Arrangements ED out for comment Ends January 16, 2023 Scope Application of Profits Interests Awards: Compensation—Stock Compensation (Topic 718) Drafting ED Q1 2023
PRESENTATION & DISCLOSURE PROJECTS Current Stage Timing
Disaggregation—Income Statement Expenses Initial deliberations Disclosure Improvements in Response to the SEC’s Release on Disclosure Update and Simplification ED redeliberations Improvements to Income Tax Disclosures Drafting ED Q1 2023 Interim Reporting—Narrow-Scope Improvements ED redeliberations Segment Reporting ED redeliberations
FRAMEWORK PROJECTS Current Stage Timing
Conceptual Framework: Measurement Initial deliberations Conceptual Framework: The Reporting Entity ED out for comment Ends January 16, 2023 Conceptual Framework: Recognition and Derecognition ED out for comment Ends February 21, 2023 RESEARCH PROJECTS Accounting for and Disclosure of Intangibles Accounting for Exchange-Traded Commodities Accounting for Financial Instruments with Environmental, Social, and Governance (ESG)-Linked Features Accounting for Government Grants Consolidation for Business Entities Financial Key Performance Indicators for Business Entities Hedge Accounting—Phase 2 Statement of Cash Flows