On October 28, 2015, the Board discussed the FASB staff’s summary of feedback received on the proposed Accounting Standards Update, Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. The Board also discussed the recommended plan for redeliberations.
The Board decided to divide its redeliberations of the proposed Update into two workstreams. The first workstream would reconsider the following issues that are not dependent on other projects and are improvements the Board might finalize in the near term:
The second work stream would involve reconsideration of other proposed changes that are likely to require more time to resolve. Since they involve consideration of alternatives suggested by stakeholders, the Board did not previously consider or are related to similar issues being addressed in other projects.
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