United States

FASB Issues Two More Simplification Exposure Drafts

Oct 17, 2014
From the Financial Reporting View

This edition of Defining Issues reports that the FASB is working on several projects to reduce unnecessary complexity in U.S. GAAP, including its projects to simplify the presentation of debt issuance costs and provide a practical expedient for the measurement date of employers' defined benefit obligations and plan assets. The comment period for both proposed Accounting Standards Updates (ASUs) ends December 15, 2014.

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