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EITF Snapshot for November 2008

  • EITF Snapshot Image

15 Nov 2008

We have posted the November 2008 edition of EITF Snapshot summarising the 13 November 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. Click to view the November 2008 issue of EITF Snapshot (PDF 146k).

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

  • Issue 08-1 Revenue Arrangements With Multiple Deliverables – Consensus-for-exposure
  • Issue 08-9 Milestone Method of Revenue Recognition – Tentative conclusion reached
  • Issue 08-6 Equity Method Investment Accounting Considerations – Final consensus
  • Issue 08-7 Accounting for Defensive Intangible Assets – Final consensus
  • Issue 08-8 Accounting for an Instrument (or an Embedded Feature) With a Settlement Amount That Is Based on the Stock of an Entity's Consolidated Subsidiary – Final consensus
  • Issue 08-10 Selected Statement 160 Implementation Questions – Consensus-for-exposure

Initial EITF consensuses (known as 'consensuses-for-exposure') are exposed for a comment period after ratification by the FASB. At its first scheduled meeting after the comment period, the EITF considers comments received and, as warranted, affirms its consensuses-for-exposure as final consensuses. Those consensuses are then provided to the Board for final ratification.

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.