Summary of Board Decisions

Summary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. Decisions in an Exposure Draft may be (and often are) changed in redeliberations based on information provided to the Board in comment letters, at public roundtable discussions, and through other communication channels. Decisions become final only after a formal written ballot to issue an Accounting Standards Update.

July 17, 2013 FASB Board Meeting

Agenda Decision: EITF Issues. The Board decided to add the following issue to the EITF agenda:
  1. Determining Whether the Host Contract in a Hybrid Financial Instrument Is More Akin to Debt or Equity.
The Board considered but decided not to add to the EITF’s agenda an issue that would clarify whether the deferred tax liability associated with an asset corresponding to an asset retirement obligation should consider the limited deductibility of the future asset retirement expenditures.