United States

FASB Changes Discontinued Operations Definition

Apr 17, 2014
From the Financial Reporting View

This edition of Defining Issues reports that the FASB recently issued accounting guidance that will change the definition of discontinued operations. While the ASU generally is not effective until 2015, early application is permitted for those disposals (or classifications as held-for-sale) that have not been reported in financial statements previously issued or available for issuance.

Read Defining Issues: FASB Changes Discontinued Operations Definition