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EITF Snapshot for September 2010

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17 Sep 2010

We have posted the September 2010 edition of EITF Snapshot summarising the 16 September 2010 meeting of FASB's Emerging Issues Task Force.

EITF Snapshot, published by Deloitte & Touche LLP (USA), enables readers to identify relevant topics and to understand quickly the meeting's outcome. Past issues can be downloaded Here.

This EITF Snapshot covers the following issue discussed by the EITF at the meeting:

  • Issue 09-G Accounting for Costs Associated With Acquiring or Renewing Insurance Contracts – Final consensus
  • Issue 09-H Health Care Entities: Revenue Recognition – Consensus-for-exposure
  • Issue 10-A How the Carrying Amount of a Reporting Unit Should Be Calculated When Performing Step 1 of the Goodwill Impairment Test – Consensus-for-exposure
  • Issue 10-B Accounting for Multiple Foreign Currency Exchange Rates – No consensus reached
  • Issue 10-C Reporting Loans to Participants by Defined Contribution Pension Plans – Final consensus
  • Issue 10-E Accounting for Deconsolidation of a Subsidiary That Is In-Substance Real Estate – No consensus reached
  • Issue 10-G Disclosure of Supplementary Pro Forma Information for Business Combinations – Consensus-for-exposure

Initial EITF consensuses (known as 'consensuses-for-exposure') are exposed for a comment period after ratification by the FASB. At its first scheduled meeting after the comment period, the EITF considers comments received and, as warranted, affirms its consensuses-for-exposure as final consensuses. Those consensuses are then provided to the FASB for final ratification.

Click for September 2010 EITF Snapshot.

Correction list for hyphenation

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