United States

FASB Eliminates Retroactive Application of Equity Method

Mar 16, 2016
From the Financial Reporting View

This edition of Defining Issues reports that, as part of its simplification initiative, the FASB recently issued an Accounting Standards Update that eliminates the requirement for an investor to retroactively apply the equity method when its increase in ownership interest (or degree of influence) in an investee triggers equity method accounting.

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