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FASB discusses simplifying the equity method at May 11 meeting

  • FASB meeting Image

May 12, 2016

At its May 11, 2016, meeting, the FASB discussed its project on simplifying the equity method of accounting.

The FASB discussed alternatives for improving the equity method of accounting that are based on feedback received on its June 2015 proposed ASU Simplifying the Equity Method of Accounting. The Board concluded that there is “insufficient support” to change the equity method of accounting and voted to remove the project from its agenda.

For more information, see the meeting minutes on the FASB’s Web site.

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