The Financial Accounting Standards Board (FASB) issued a proposed accounting standards update intended to improve financial reporting for nonemployee share-based payments. The proposal would expand the scope of Topic 718, Compensation—Stock Compensation. The FASB would like comments on the proposal by June 5, 2017.

The FASB also released an accounting standards update to improve the presentation of defined benefit costs in the income statement. It requires a reporting organization to separate the service cost component from the other parts of the net benefit cost for presentation purposes. Effective date starts in 2018.