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FASB issues ASU on restricted cash

  • FASB document Image

Nov 17, 2016

The FASB has issued ASU 2016-18, “Restricted Cash,” in response to the EITF’s consensus on Issue 16-A.

The ASU requires entities to include in their 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 ASU does not define the terms “restricted cash” and “restricted cash equivalents.”

The ASU will become effective for public business entities on December 15, 2017. For more information, see Deloitte’s Heads Up newsletter and September 2016 EITF Snapshot as well as the final ASU on the FASB’s Web site.

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