Project Pages

Implementation Guidance—Update

Project Description: The objective of this project is to update implementation guidance for additional issues that come to the attention of the staff. In addition, this project will result in issuance of an annual update to the Comprehensive Implementation Guide.

Status:
Added to Current Agenda: April 2016

Implementation Guidance—Update—Project Plan

Background: Implementation guidance is updated annually through the addition of new questions and answers, which is incorporated into the Comprehensive Implementation Guide.

Project History:
  • Implementation Guide No. 2016-1, Implementation Guidance Update—2016, cleared for issuance: March 2016
  • Current update project added to current technical agenda: April 2016

Current Developments: During May–August 2016, project staff continued to develop materials for the 2017 update.

Work Plan
:

Board Meetings   Topics to be Considered
November 2016 (T/C):   Review ballot draft of an Exposure Draft and consider a proposed Implementation Guide for clearance.
December 2016–January 2017:   Comment period (60 days).
March 2017:   Redeliberate issues based on respondent feedback. Review a preballot draft of a final Implementation Guide.
March 2017 (T/C):   Review ballot draft and consider a final Implementation Guide for clearance.

Implementation Guidance—Update—RECENT MINUTES


Minutes of Meetings, October 25-27, 2016

The Board evaluated new questions to be incorporated into the Exposure Draft, Implementation Guide No. 201x-y, Implementation Guidance Update—201x. The Board did not object to the inclusion of proposed new questions and answers in the Exposure Draft for the following sections of the Guide:

  • Cash Flows Reporting
  • Financial Reporting Entity
  • Pensions—Employer and Plan Accounting and Reporting
  • Accounting and Financial Reporting for Certain Investments and for External Investment Pools
  • Basic Financial Statements and Management’s Discussion and Analysis
  • Other Implementation Guidance
The Board also considered revisions to questions included in previous implementation guides.
  • Disclosures Related to Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements
  • Financial Reporting Entity
  • Pensions—Employer and Plan Accounting and Reporting
  • Basic Financial Statements and Management’s Discussion and Analysis
  • Other Implementation Guidance.

The Board also did not object to the proposed modifications and supersessions that are associated with Statement No. 75, Accounting and Financial Reporting for Postployment Benefits Other Than Pensions. In addition, the Board provided comments on the preballot draft of the Exposure Draft of Implementation Guide 201x-y and did not object to moving forward with the ballot draft of the Exposure Draft.