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ARTICLE · 28 NOVEMBER 2012

On the Horizon - November 20, 2012

Grant Thornton LLP
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All decisions reached at Board meetings are tentative and may be changed at future meetings.

United StatesAccounting and Audit
Grant Thornton'S Audit Practice Group
Grant Thornton'S Audit Practice Group
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FASB

All decisions reached at Board meetings are tentative and may be changed at future meetings. Decisions are included in an Exposure Draft only after a formal written ballot. Decisions reflected in Exposure Drafts are often changed in redeliberations by the Board based on information received in comment letters, at public roundtable discussions, and from other sources. Board decisions become final after a formal written ballot to issue a final Accounting Standards Update.

Meeting held November 14

At its November 14 meeting, the FASB discussed its projects on the presentation of items reclassified out of other comprehensive income (OCI), technical corrections to the Codification, and insurance contracts. Highlights of the Board's discussion on these topics, with the exception of insurance contracts, are summarized below.

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