EITF Snapshot for June 2008

  • EITF Snapshot Image

14 Jun 2008

We have posted the June 2008 edition of EITF Snapshot summarising the 12 June 2008 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.

This EITF Snapshot covers six issues discussed by the EITF at the meeting:

  • Issue 07-5 Determining Whether an Instrument (or an Embedded Feature) Is Indexed to an Entity's Own Stock – consensus reached
  • Issue 08-1 Revenue Recognition for a Single Unit of Accounting – no decision reached
  • Issue 08-2 Lessor Revenue Recognition for Maintenance Services – recommended for removal from the EITF's agenda.
  • Issue 08-3 Accounting by Lessees for Maintenance Deposits Under Lease Arrangements – consensus reached
  • Issue 08-4 Transition Guidance for Conforming Changes to Issue No. 98-5 – consensus reached
  • Issue 08-5 Issuer's Accounting for Liabilities Measured at Fair Value With a Third-Party Guarantee – consensus for exposure

Click to view the June 2008 EITF Snapshot newsletter (PDF 122k). Past issues can be downloaded Here.

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