Financial Statement Presentation Proposal Coming In April

At its board meeting earlier today, FASB discussed various issues in its Financial Statement Presentation project, including reaffirming and in some cases modifying prior decisions, on subjects such as: what constitutes a complete set of financial statements, requirements for comparative reporting, treatment of extraordinary items, and more. Refer to FASB's Summary of Board Decisions for results of the meeting. FASB expects to release the Exposure Draft for public comment in April.