EITF Snapshot for Nov 2009

  • EITF Snapshot Image

21 Nov 2009

We have posted the November 2009 edition of EITF Snapshot summarising the November 2009 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. Past issues can be downloaded Here. This EITF Snapshot covers the following issue discussed by the EITF at the meeting:
  • Issue 09-2 Research and Development Assets Acquired in an Asset Acquisition – No consensus reached. Further discussion expected.
  • Issue 09-E Accounting for Distributions to Shareholders With Components of Stock and Cash in the Calculations and Presentation of Earnings per Share – Final consensus
  • Issue 09-F Casino Base Jackpot Liabilities – Consensus-for-exposure
  • Issue 09-G Clarification of the Definition of Deferred Acquisition Costs of Insurance Entities – Consensus-for-exposure
  • Issue 09-I Effect of a Loan Modification When the Loan Is Part of a Pool That Is Accounted for as a Single Asset – Consensus-for-exposure
  • Issue 09-J Impact of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Primarily Trades – 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.
Click to view EITF Snapshot — November 2009.


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.