United States

EITF Reaches Final Consensus; SEC Staff Discusses Recent Accounting Standards

Sep 23, 2016
From the Financial Reporting View

This edition of Defining Issues reports that the FASB’s Emerging Issues Task Force (EITF) reached a final consensus on the presentation of restricted cash in the statement of cash flows and a consensus-for-exposure on service concession arrangements at its September 22 meeting. Also, the SEC staff discussed its expectation that registrants will disclose their implementation status and, if determined, the likely qualitative effect of recently issued accounting standards.

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