EITF Snapshot for November 2007

  • EITF Snapshot Image

06 Dec 2007

We have posted the November 2007 edition of EITF Snapshot summarising the 29 November 2007 meeting of FASB's Emerging Issues Task Force.

EITF Snapshot, published by Deloitte & Touche LLP (USA), enables readers to identify relevant topics and to understand quickly the meeting's outcome.

EITF Snapshot explains the three issues on which the EITF reached a consensus at this meeting:

  • Issue 07-1 Accounting for Collaborative Arrangements (for the development and commercialisation of resource-intensive, and generally uncertain, products) – consensus reached
  • Issue 07-4 Application of the Two-Class Method Under FASB Statement No. 128, Earnings per Share, to Master Limited Partnerships – consensus for exposure
  • Issue 07-6 Accounting for the Sale of Real Estate When the Agreement Includes a Buy-Sell Clause – consensus reached

Click to view EITF Snapshot (PDF 133k). Past issues can be downloaded Here.

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