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Highlights from the FASB’s August 5 meeting

  • FASB meeting Image

Aug 06, 2015

At its August 5, 2015, meeting, the FASB discussed its projects on (1) disclosures about investments in another investment company and (2) accounting for measurement-period adjustments in a business combination.

  • Disclosures about investments in another investment company — The FASB discussed feedback received on its December 2014 proposed ASU and decided that “the benefits of the information resulting from the proposed disclosures would not justify the costs of preparing and providing the information.” The FASB decided to remove this project from its agenda. See the meeting minutes on the FASB's Web site and Deloitte's related journal entry for more information.
  • Accounting for measurement-period adjustments in a business combination — The FASB discussed feedback received on its May 2015 proposed ASU and made decisions about (1) adjustments to provisional amounts, (2) transition and disclosures, and (3) effective date. The Board directed its staff to draft a final ASU. For more information, see 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.