LAST MONTH THE FINANCIAL ACCOUNTING STANDARDS BOARD FASB issued four new Exposure Drafts that would improve U.S. generally accepted accounting principles GAAP and converge U.S. accounting guidance with existing international accounting standards. Comments on each Exposure Draft are due by April 13, 2004. The Exposure Drafts are: *...
NORWALK, Conn. -- The Financial Accounting Standards Board: --New Draft Seeks to Clarify Derecognition Requirements for Financial Assets and Initial Measurement of Interests Related to Transferred Financial Assets --Board Also Issues Exposure Drafts of Amendments Relating to Accounting for Servicing of Financial Assets and Accounting for Certain Hybrid...
NORWALK, Conn. -- In step with its effort to improve the quality of financial reporting, the Financial Accounting Standards Board FASB today published an Exposure Draft of a proposed Interpretation, Accounting for Uncertain Tax Positions. The Exposure Draft seeks to reduce the significant diversity in practice associated with recognition and...
The purpose of this research study was to gather information about the exposure draft, "Proposed Statement of Position, Accounting for Foreclosed Assets," prepared by the Accounting Standards Executive Committee, Accounting Standards Division, American Institute of Certified Public Accountants, issued December 11, 1990. The answers may help policy-makers to be aware...
FASB's exposure draft on accounting for uncertain tax positions may cause companies to record increased tax expense. In July the Financial Accounting Standards Board FASB issued the exposure draft Accounting for Uncertain Tax Positions: an Interpretation of FASB Statement No. 109. This proposed interpretation is of great interest...
The Financial Accounting Standards Boards issued an Exposure Draft of a revised Statement of Accounting for Income Taxes on June 5, 1991. The Exposure Draft, if adopted, would supersede Statement of Financial Accounting Standards 96, Accounting for Income Taxes (hereinafter Statement 96), which was issued in December 1987. ...
The Financial Accounting Standards Board FASB issued four Exposure Drafts that would improve U.S. generally accepted accounting principles and converge U.S. accounting guidance with existing international accounting standards. The Financial Accounting Standards Board FASB issued four Exposure Drafts that would improve U.S. generally...
On June 30, 2005, FASB and the International Accounting Standards Board IASB each issued exposure drafts dealing with both business combinations and consolidation procedures. FASB's exposure drafts included "Business Combinations" and "Consolidated Financial Statements, Including Accounting and Reporting of Noncontrolling Interests in Subsidiaries." The lASB's related exposure drafts included proposed...
NORWALK, Conn. -- The Governmental Accounting Standards Board GASB has published an Exposure Draft, Accounting for Termination Benefits, that would establish accounting guidance for state and local governmental employers regarding benefits provided to employees who terminate employment. It would establish guidance for benefits, such as early-retirement incentives and severance benefits...
accounting & auditing newsThe Governmental Accounting Standards Board recently issued an exposure draft intended to provide guidance and consistency with respect to the accounting and reporting of obligations and costs related to poilution remediation. The proposal reflects the board's intention to ensure that certain costs and long-term obligations not specifically...
In June, 1993, the Financial Accounting Standards Board FASB issued an Exposure Draft, "Accounting for Stock-based Compensation," which has stirred more controversy than any change the FASB has made to date. Although the Exposure Draft addresses accounting and reporting for all stock-based compensation plans, employee fixed stock options would be...
The International Accounting Standards Board and FASB each have published exposure drafts aligning the accounting for business combinations for both domestic and cross-border financial reporting.
The Financial Accounting Standards Board has issued three Exposure Drafts on which it is seeking comments. The first is "Accounting for Transfers of Financial Assets." The Board says the proposed Statement of Financial Accounting Standards "seeks to clarify the derecognition requirements for financial assets" that were developed initially in SFAS...
The Norwalk-based Financial Accounting Standards Board FASB has issued four exposure drafts that would improve U.S. generally accepted accounting principles GAAP and converge U.S. accounting guidance to existing international accounting standards The Norwalk-based Financial Accounting Standards Board FASB has issued four exposure drafts that would...
The International Accounting Standards Board and the US Financial Accounting Standards Board FASB have released an exposure draft containing joint proposals to improve and align ... The International Accounting Standards Board and the US Financial Accounting Standards Board FASB have released an exposure draft...
The International Accounting Standards Board and the US Financial Accounting Standards Board FASB have released an exposure draft containing joint proposals to improve and align accounting for business combinations. Their planned standard would replace both IFRS3 and the FASB's statement 141.
In step with its effort to improve the quality of financial reporting, the Financial Accounting Standards Board has published an exposure draft of a proposed Interpretation, Accounting for Uncertain Tax Positions. The exposure draft seeks to reduce the siIn step with its effort to improve the quality of financial reporting,...
The article is about the Auditing Standards Board ASB discussing two proposed exposure drafts and issuing them as exposure drafts. It explains about the amendment to SAS No. 50,"Reports on the Application of Accounting Principles" to prohibit an accountant from providing a written report on the application of accounting principles...
NORWALK, Conn. -- The Financial Accounting Standards Board FASB today issued an Exposure Draft ED of a proposed Statement of Financial Accounting Standards, Accounting for Hedging Activities -- an amendment of FASB Statement No. 133. The proposed Statement would require application of the amended hedging requirements for financial statements issued...
We are about to embark on another round of potent political opposition against the seemingly mundane process of accounting standards. Stock options accounting is about to be revisited by the new International Accounting Standards Board IASB, the body created to establish global accounting rules,...
