Project Pages

Implementation Guidance—2017 Update

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

Status:
Implementation Guide No. 2017-1, Implementation Guidance Update—2017, cleared for issuance: April 2017
Exposure Draft issued: November 2016
Added to Current Agenda: April 2016

Implementation Guidance—2017 Update—Project Plan

Background: Implementation guidance is updated annually through the addition of new questions and answers, which are 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
  • Deliberations began: October 2016
  • Exposure Draft cleared for issuance: November 2016
  • Comment period: December 2016–January 2017
  • Redeliberations began: March 2017
  • Implementation Guide No. 2017-1, Implementation Guidance Update—2017, cleared for issuance: April 2017

Implementation Guidance—Update—RECENT MINUTES


Minutes of Meetings, April 12–15, 2017

The Board reviewed a ballot draft of the final Implementation Guide No. 2017-1, Implementation Guidance Update—2017, and provided suggestions for clarifying edits. The Board did not object to the issuance of the Implementation Guide.

Minutes of Teleconference, March 27, 2017

The Board reviewed a preballot draft of the final Implementation Guide No. 2017-Y, Implementation Guidance Update—2017, and provided clarifying edits. The Board did not object to moving forward with a ballot draft of a final Implementation Guide.

Minutes of Meetings, March 7–9, 2017


The Board discussed issues raised by respondents to the Exposure Draft of Implementation Guide No. 201X-Y, Implementation Guidance Update–201X. The Board also considered modifications to some proposed questions in response to those issues. The Board did not object to the proposed modifications, including the exclusion from the Implementation Guide of proposed Questions 4.12, 4.15, and 4.27, and provided other suggestions to clarify the content of the materials.

Minutes of Teleconference, November 16, 2016


The Board reviewed a revised version of a proposed question and answer on tax abatement disclosures that was initially discussed at the Board’s October meeting and provided recommendations for additional clarifying edits.

The Board also reviewed the ballot draft of the Exposure Draft of Implementation Guide No. 201X-Y, Implementation Guidance Update—201X , and cleared the draft for issuance.

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.