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Simplifying the equity method of accounting

The objective of this project was to simplify two aspects of equity method.


Meeting minutes

FASB Board discussions regarding this project are found in the following meeting minutes:

    • May 11, 2016 — The FASB decided that there is “insufficient support” to change the equity method of accounting and voted to remove the project from its agenda.
    • November 19, 2015 — The Board began redeliberations on the June 2015 proposed ASU by discussing a summary of comments received and next steps toward the issuance of guidance in a final ASU.
    • March 18, 2015 — The Board added this project to its agenda and began deliberations.

    Project milestones

    March 18, 2015 Added to the FASB's technical agenda.
    June 5, 2015 Proposed ASU, Simplifying the Equity Method of Accounting. Comment deadline August 4, 2014.
    March 15, 2016 ASU 2016-07, Simplifying the Transition to the Equity Method of Accounting. Effective December 15, 2016.

    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.