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, November 8, 2023 FASB Board Meeting

Statement of cash flows—targeted improvements. The Board decided to add a project to its technical agenda to make targeted improvements to the statement of cash flows to provide investors with decision-useful information.


The Board decided that the scope of the project is to (1) reorganize and disaggregate the statement of cash flows for financial institutions to improve the decision-usefulness of that statement and (2) develop a disclosure about an entity’s cash interest income received.

The FASB chair retained a project about the statement of cash flows on the research agenda to explore further potential improvements.

Conceptual framework: measurement. The Board continued initial deliberations on FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting—Chapter 6, Measurement. The Board decided on the following issues related to the Chapter:

  1. The Chapter’s current level of specificity regarding the exit price system is appropriate.
  2. FASB Concepts Statement No. 7, Using Cash Flow Information and Present Value in Accounting Measurements, will be superseded, and none of the Concepts Statement will be included in the proposed Chapter.
The Board directed the staff to draft a proposed Concepts Statement Chapter for vote by written ballot. Additionally, the Board decided to expose the proposed Chapter for public comment for 90 days.