This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Highlights from the FASB’s April 16 meeting

  • News default Image

Apr 17, 2014

At its April 16, 2014, meeting, the FASB discussed its projects on consolidation and insurance contracts.

 

Consolidation

The FASB discussed (1) its proposed consolidation scope exception for money market funds and (2) the circumstances in which a fee arrangement represents a variable interest.

For more information, see the related Deloitte Accounting Journal entry and the meeting minutes on the FASB's Web site.

 

Insurance contracts

The FASB continued redeliberating its proposed Accounting Standards Update, Insurance Contracts, and tentatively decided on the scope of its potential targeted improvements to the accounting for long-duration insurance contracts and the disclosure requirements for short-duration insurance contracts.

For more information, see the related Deloitte Accounting Journal entry and the meeting minutes on the FASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.