FASB

The FASB prepares a project plan to communicate information about its standards-setting activities to stakeholders. The project plan lists all agenda projects and includes:

• Estimated publication dates through the first half 2012 (Discussion Papers (D), Exposure Drafts (Es), and Final Accounting Standards Updates or Final Conceptual Framework chapters (Fs).)
• Comment periods expected to close in the next 4 quarters (indicated by a C)
• Roundtable meetings or other public forums planned (indicated by an R)

The FASB sets standards following established due process procedures that include extensive consultation. This project plan is subject to change as a result of those consultations or for other reasons.

The project plan anticipates the completion of many projects in 2011. The Board will consider staggering the effective dates of those standards to ensure an orderly transition to any new requirements.

The project plan includes links to staff prepared project summaries that describe Board decisions and provide other information. The decisions are tentative and do not change current accounting. Official positions of the FASB are determined only after extensive due process and deliberations. 


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