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, June 29, 2022 FASB Board Meeting
Statement of cash flows. The Board discussed the pre-agenda research performed to date, including stakeholder feedback received on the statement of cash flows and related disclosures in response to the June 2021 Invitation to Comment, Agenda Consultation, and other user feedback.
The FASB chair added a project to the FASB research agenda to explore targeted improvements to the statement of cash flows to provide additional decision-useful information for investors and other allocators of capital.
The Board provided suggestions on, and observations about, the focus and prioritization of continued research efforts on (1) disaggregation of certain cash flow line items (specifically working capital and amortization/depreciation), (2) developing certain supplementary direct cash flow method disclosures, and (3) certain Codification improvements to Topic 230, Statement of Cash Flows.
Derivatives and hedging. The Board discussed stakeholder feedback received on Topic 815, Derivatives and Hedging, in response to the June 2021 Invitation to Comment, Agenda Consultation. The Board made no technical decisions and provided suggestions on, and observations about, the focus and prioritization for continued research efforts. That research will be considered at future decision-making meetings.