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Highlights from the June 20 FASB-IASB joint meeting

  • FASB meeting Image

Jun 22, 2016

At the June 20, 2016, FASB-IASB joint meeting, the two boards gave updates on the current status of their respective business combination projects.

Specifically, the boards discussed:

  • Identifiable intangible assets in a business combination for public business entities and not-for-profit entities.
  • Accounting for goodwill for public business entities and not-for-profit entities.
  • Accounting for goodwill impairment.

No tentative decisions were made during the session.

For more information, see the observer notes on Deloitte’s IASPlus Web site as well as the tentative Board decisions on the FASB’s Web site.

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