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Journal Entry — EITF — FASB Issues ASU in Response to EITF Consensus Affecting Not-for-Profit Entities

Published on: May 02, 2013

The FASB recently issued Accounting Standards Update (ASU) No. 2013-06, Services Received From Personnel of an Affiliate, in response to a final consensus reached at the EITF’s March meeting. The ASU is effective for fiscal years beginning after June 15, 2014, and interim and annual periods thereafter.

See Deloitte’s March EITF Snapshot for information about the EITF Issue on which the ASU is based.

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