United States

EITF Continues Discussions on Prepaid Stored-Value Cards and Cash Flow Statement Issues

Sep 21, 2015
From the Financial Reporting View

This edition of Defining Issues reports that the FASB’s Emerging Issues Task Force (EITF) discussed two issues at its September 17, 2015, meeting. While it reached agreement on various issues relating to recognizing breakage for certain prepaid stored-value cards, it did not make a final decision on scope. It also continued discussions on certain cash-flow statement issues.

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