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FASB proposes targeted changes to guidance on liabilities and equity

  • FASB document Image

Dec 07, 2016

The FASB has issued a two-part proposed ASU, “I. Accounting for Certain Financial Instruments With Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests With a Scope Exception.”

The proposed ASU’s objective is to improve (1) the accounting for instruments with “down-round” provisions and (2) the readability of ASC 480-10 by replacing the indefinite deferral of certain pending content with scope exceptions.

Com­ments on the pro­posed ASU are due by February 6, 2017. For more in­for­ma­tion, see Deloitte's related Heads Up newsletter as well as the pro­posed ASU on the FASB’s Web site.

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