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FASB ratifies EITF consensus and tentative conclusion

  • FASB meeting Image

Jul 06, 2016

At its meeting on June 29, 2016, the FASB ratified the Emerging Issues Task Force (EITF) consensus on Issue No. 15-F, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” and will release it soon as an Accounting Standards Update (ASU).

The Board also approved the issuance of a proposed ASU related to EITF Issue No. 16-B, “Employee Benefit Plan Master Trust Reporting.”

For more information, see Deloitte’s EITF Snapshot as well as the tentative Board decisions on the FASB's Web site.

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