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FASB ratifies EITF consensuses-for-exposure

  • FASB meeting Image

Oct 11, 2018

At its October 10, 2018, meeting, the FASB ratified the Emerging Issues Task Force (EITF) consensuses-for-exposure on Issues 18-A, “Recognition Under Topic 805 for an Assumed Liability in a Revenue Contract,” and 18-B, “Improvements to Accounting for Episodic Television Series,” and directed its staff to draft a proposed ASU on each issue for public comment.

In addition, the Board directed its staff to prepare a discussion paper to solicit feedback on measurements and other topics related to Issue 18-A.

For more in­for­ma­tion, see De­loitte’s EITF Snap­shot as well as the meeting minutes on the FASB's Web site.

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