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FASB proposes guidance on restricted cash

  • FASB document Image

Apr 28, 2016

The FASB has issued a proposed ASU, “Restricted Cash,” in response to the EITF consensus-for-exposure on Issue 16-A.

The proposed ASU would require an entity to include in its cash and cash-equivalent balances in the statement of cash flows those amounts that are deemed to be restricted cash and restricted cash equivalents. The proposal’s primary purpose is to eliminate the diversity in practice related to how entities classify and present changes in restricted cash in the cash flow statement in accordance with ASC 230.

Com­ments on the pro­posed ASU are due by June 27, 2016. For more in­for­ma­tion, see Deloitte’s March 2016 EITF Snapshot as well as the pro­posed ASU on the FASB’s Web site.

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