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Narrow scope

Title Description
Accounting for goodwill impairment The objective of this project is to reduce the cost and complexity of the subsequent accounting for goodwill by simplifying the impairment test. This project is phase 2 in the FASB's attempt to simplify accounting for goodwill for public business entities and not-for-profit entities.
Accounting for identifiable intangible assets in a business combination for public business entities and not-for-profit entities The objective of this project is to evaluate whether certain intangible assets should be subsumed into goodwill.
Accounting for income taxes — Intra-entity asset transfers and balance sheet classification of deferred taxes The objective of this project is to simplify certain aspects of ASC 740, Income Taxes.
Accounting for measurement period adjustments in a business combination The objective of this project is simplify the guidance on measurement period adjustment.
Clarifying the definition of a business The objectives of this project are to clarify the definition of a business and to address whether transactions involving in-substance nonfinancial assets (held directly or in a subsidiary) should be accounted for as acquisitions (or disposals) of nonfinancial assets or as acquisitions (or disposals) of businesses. Phase 2 of the project will include clarifying the guidance for partial sales or transfers and the corresponding acquisition of partial interests in a nonfinancial asset or assets.
Clarifying when a not-for-profit entity that is a general partner should consolidate a for-profit limited partnership (or similar entity) The objective of this project is to clarify when a not-for-profit entity (NFP) that is a general partner should consolidate a for-profit limited partnership or similar entity.
Codification improvements The objective of this ongoing project is to provide regular updates and improvements to the "FASB Accounting Standards Codification" that are based on feedback received from constituents.
Collaborative arrangements — Targeted improvements The objectives of this project is to make targeted improvements to the guidance in Topic 808, Collaborative Arrangements, to clarify when transactions between participants in a collaborative arrangement are within the scope of the revenue guidance.
Consolidation reorganization and targeted improvements The objective of this project is to reorganize and make targeted improvements to consolidations.
Consolidation targeted improvements to related party guidance for variable interest entities The objective of this project is to make targeted improvements to related party guidance for VIEs.
Consolidation: Interests held through related parties that are under common control The objective of this project is to evaluate interests held through related parties that are under common control in the consolidation assessment for variable interest entities.
Consolidation: Principal versus agent analysis The objective of this project is to consider comprehensive guidance for consolidation of all entities, including entities controlled by voting or similar interests. This includes an evaluation of guidance for determining the capacity of a decision maker. A final ASU was issued on February 18, 2015.
Customer’s accounting for fees in a cloud computing arrangement The objective of this project is to improve the guidance about how a customer should account for its fees paid in a cloud computing arrangement. A final ASU was issued on April 15, 2015.
Employee share-based payment accounting improvements The objective of this project is to simplify the accounting for share-based payment awards issued to employees for public and private companies.
Equity method The objective of this project is to simplify two aspects of equity method.
Lessor narrow-scope improvements The objective of this project is to address certain narrow-scope issues through standard setting.
Liabilities and equity — Targeted improvements The objective of this project is to simplify the accounting for financial instruments with characteristics of liabilities and equity.
Nonemployee share-based payment accounting improvements The objective of the project is to reduce cost and complexity and improve the accounting for nonemployee share-based payment awards issued by public and private companies.
Revenue recognition of grants and contracts by not-for-profit entities The objective of this project is to improve and clarify existing guidance on revenue recognition of grants and contracts by not-for-profit entities.
Scope modification accounting in Topic 718 The objective of this project is to reduce cost and complexity in applying modification accounting in ASC 718.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.