Objectives of Research Projects

Accounting for Certain Identifiable Intangible Assets in a Business Combination and Subsequent Accounting for Goodwill for Public Business Entities and Not-for-Profits (last updated on November 14, 2017)

Project Objective

The objective of this project is to determine whether certain or all the elements of the private company alternatives (issued in Accounting Standards Update No. 2014-02, Intangibles—Goodwill and Other (Topic 350): Accounting for Goodwill, and Accounting Standards Update No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination) should be extended to public business entities and not-for-profit organizations, including:
  1. Subsuming certain customer-related intangible assets and all noncompete agreements into goodwill
  2. Testing goodwill for impairment upon a triggering event, testing impairment either at a reporting unit or the entity level, and/or amortizing goodwill.
The staff plans to seek stakeholders’ input to identify the cost and benefit considerations and to outline potential solutions for the Board’s consideration in deciding whether to add the project to its technical agenda.

Contact Information

Joy Sy
Supervising Project Manager
jsy@fasb.org


Disclosure Review—Intangibles, Share-based Payment, and Foreign Currency (last updated on November 14, 2017)

Project Objective

The objective of these projects is to review current disclosure requirements to improve the financial information in notes to financial statements about intangibles, share-based payment, and foreign currency.

Contact Information

Peter Proestakes
Assistant Director
pcproestakes@fasb.org


Financial Performance Reporting (last updated on November 14, 2017)

Project Objective

The objective of the Financial Performance Reporting project is to consider whether to require a measure of operations and whether and how to define a measure of operations for both Not-for-Profit Entities and business entities.

Contact Information

Lauren Mottley
Supervising Project Manager
lmottley@fasb.org


Inventory and Cost of Sales (last updated on November 14, 2017)

Project Objective

The objective of the Inventory and Cost of Sales project is to improve the accounting for inventory and cost of sales and services, including:
  1. The objective of inventory costing in Topic 330, Inventory
  2. Multiple inventory costing methods (including industry-specific cost capitalization guidance) and impairment models
  3. Areas in which there is a lack of guidance.
The staff plans to seek stakeholders’ input to identify key issues and to outline potential alternative solutions for the Board’s consideration in deciding whether to add the project to its technical agenda.

Contact Information

Jeff Gabello
Supervising Project Manager
jjgabello@fasb.org


Simplifications to Accounting for Income Taxes (last updated on November 14, 2017)

Project Objective

The objective of the Simplifications to Accounting for Income Taxes project is to make narrow-scope targeted improvements in the area of accounting for income taxes to reduce unnecessary complexity while maintaining or improving the usefulness of financial information for financial statement users.

Contact Information

Jenifer Wyss
Supervising Project Manager
jjwysss@fasb.org


Targeted Improvements to the Statement of Cash Flows (last updated on November 14, 2017)

Project Objective

The objective of the Targeted Improvement to the Statement of Cash Flows project is to reduce existing diversity in practice in how certain cash receipts and cash payments are presented in the statement of cash flows under Topic 230, Statement of Cash Flows, and other Topics.

Contact Information

Jenifer Wyss
Supervising Project Manager
jjwysss@fasb.org