Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.

Wednesday, April 26, 2023 FASB Board Meeting

Agenda prioritization. The Board discussed the Agenda Request on addressing whether certain convertible debt instruments settled using terms that differ from the stated contractual conversion provisions should be accounted for as induced conversion or extinguishment.

The Board decided to add a project to the Emerging Issues Task Force (EITF) agenda to improve the relevance of the existing induced conversion guidance in Subtopic 470-20. The project scope will focus on the applicability of the induced conversion guidance to the early settlement of convertible debt instruments.