Project Roster & Status

The FASB prepares a project plan to communicate information about its standards-setting activities to stakeholders. The project plan lists all agenda projects and includes:
  • Estimated publication dates through the end of 2013 (Discussion Papers (D), Exposure Drafts (Es), and Final Accounting Standards Updates or Final Conceptual Framework chapters (Fs).)
  • Comment periods expected to close in the next 3 quarters (indicated by a C)
  • Roundtable meetings or other public forums planned (indicated by an R)
The FASB sets standards following established due process procedures that include extensive consultation. This project plan is subject to change as a result of those consultations or for other reasons.

The project plan includes links to staff prepared project summaries that describe Board decisions and provide other information. The decisions are tentative and do not change current accounting. Official positions of the FASB are determined only after extensive due process and deliberations.
Current Technical Plan 2013
ACTIVE JOINT FASB/IASB PROJECTS: 2Q 3Q 4Q
Revenue Recognition
(Updated June 4, 2013)
  F  
Leases
(Exposure Document issued 05/16/13. Updated May 16, 2013)
  C  
Insurance Contracts
(Updated June 12, 2013)
E    
Accounting for Financial Instruments
(Updated June 13, 2013)
     
  Classification and Measurement
(Exposure Document issued 04/12/13. Updated June 13, 2013)
     
  Impairment
(Updated June 13, 2013)
     
  Hedging
(Updated February 20, 2013)
     
  2013
ACTIVE FASB PROJECTS: 2Q 3Q 4Q
Fair Value Measurement Disclosures of Private Company Equity Securities by Employee Benefit Plans
(Added to agenda 04/10/13. Exposure Document issued 04/30/13. Updated June 17, 2013)
  F*  
Going Concern
(Updated February 12, 2013)
E    
Technical Corrections and Improvements
(Exposure Document issued 05/06/13. Updated May 7, 2013)
  C   
Definition of a Nonpublic Entity
(Updated June 11, 2013)
  E  
Reporting Discontinued Operations
(Exposure Document issued 04/02/13. Updated May 3, 2013)
  C  
Consolidation: Policy and Procedures
(Updated May 15, 2013)
    F
Transfers and Servicing: Repurchase Agreements and Similar Transactions 
(Updated May 30, 2013.)
    F
Not-for-Profit Financial Reporting: Financial Statements
(Updated June 10, 2013)
    E
Disclosure Framework
(Updated May 30, 2013)
     
Accounting for Financial Instruments: Liquidity and Interest Rate Disclosures
(Updated November 8, 2012)
     
Clarifying the Definition of a Business (formerly Application of Asset- or Entity-Based Guidance to Nonfinancial Assets Held in an Entity)
(Updated August 23, 2012)
     
Investment Companies: Disclosures about Investments in Another Investment Company
(Updated June 7, 2013)
     
INACTIVE PROJECTS:
The following projects were reassessed as lower priority projects. Further action is not expected in the near term.
Conceptual Framework:
(Updated as of November 23, 2010)
Reporting Entity
Measurement
Elements and Recognition
  Earnings per Share
(Updated May 7, 2009)
Emissions Trading Schemes
(Updated December 6, 2010)
Financial Instruments with Characteristics of Equity
(Updated October 26, 2010)
Financial Statement Presentation
(Updated May 3, 2011)
  Income Taxes
(Updated November 6, 2009)
  Investment Companies: Real Estate Property Investments
Investment Property Entities
(Updated August 9, 2012)
  2013
FASB RESEARCH PROJECTS: 2Q 3Q 4Q
Accounting for Government Assistance
(Updated May 2, 2013)
     
Not-for-Profit Financial Reporting: Other Financial Communications
(Updated May 2, 2013)
     D
  Pensions and Other Postretirement Benefits
(Updated April 4, 2013)
     
  2013
EMERGING ISSUES TASK FORCE PROJECTS: 2Q 3Q 4Q
Accounting for the Excess in the Fair Value of Assets over Liabilities of a Consolidated Collateralized Financing Entity (12-G)
   E  
Accounting for Investments in Qualified Affordable Housing Projects (13-B)
(Exposure Document issued 04/17/13)		 C    
Inclusion of the Fed Funds Rate as a Benchmark Interest Rate for Hedge Accounting Purposes (13-A)
   F  
Presentation of a Liability for an Unrecognized Tax Benefit When a Net Operating Loss or Tax Credit Carryforward Exists (13-C)
   F  
Recognition of New Accounting Basis (Pushdown) in Certain Circumstances (12-F)      
Accounting for Service Concession Arrangements (12-H)   E  
Determination of Whether a Performance Condition That Is Allowed to Be Met after the Requisite Service Has Been Provided by the Employee Is a Vesting Condition or a Nonvesting Condition (13-D)
(Added to agenda 05/01/13)		      
Reclassification of Collateralized Mortgage Loans upon a Troubled Debt Restructuring and Accounting for the Effect of a Federal Housing Administration Guarantee (13-E)
(Added to agenda 05/01/13)		   E  
Accounting for Multiple Foreign Currency Exchange Rates (10-B) (Inactive Issue)
      
  2013
PRIVATE COMPANY COUNCIL PROJECTS: 2Q 3Q 4Q
Private Company Decision-Making Framework
(Invitation to Comment issued 04/15/13. Updated April 23, 2013)
C F  
  PCC Issue No. 13-01A, Accounting for Identifiable Intangible Assets in a Business Combination
E
   
  PCC Issue No. 13-01B, Accounting for Goodwill Subsequent to a Business Combination
E    
  PCC Issue No. 13-02, Applying Variable Interest Entity Guidance to Common Control Leasing Arrangements
     
  PCC Issue No. 13-03, Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps
E
   
 

Codes:
 
C – Comment Deadline  
D – Discussion Paper  
E – Exposure Draft 
F – Final Document 
R – Roundtable Discussion

 

____________________
*The final Accounting Standards Update is expected in early July.

PROJECTS