United States

FASB Decides to Retain Guidance on Pre-production Costs

Oct 24, 2016
From the Financial Reporting View

This edition of Defining Issues reports that the FASB decided to retain the current guidance on capitalization of pre-production costs related to long-term supply arrangements while it conducts outreach to decide whether it should propose additional changes. The FASB also did not want to delay issuing its technical corrections for the revenue standard, most of which did not pertain to pre-production costs. 

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