This EITF Snapshot covers the following issue discussed by the EITF at the meeting:
- Issue 09-G Accounting for Costs Associated With Acquiring or Renewing Insurance Contracts – Final consensus
- Issue 09-H5 Health Care Entities: Revenue Recognition – No consensus reached
- Issue 09-K Health Care Entities: Presentation of Insurance Claims and Related Insurance Recoveries – Partial consensus reached
- Issue 09-L Health Care Entities: Measuring Charity Care for Disclosure – Final consensus
- Issue 10-A How the Carrying Amount of a Reporting Unit Should Be Calculated When Performing Step 1 of the Goodwill Impairment Test – No consensus reached
- Issue 10-B Accounting for Multiple Foreign Currency Exchange Rates – No consensus reached
- Issue 10-C Accounting for Participant Loans in Employee Benefit Plan Financial Statements – Consensus-for-exposure
- Issue 10-D Accounting for Certain Fees Associated With Recently Enacted Health Care Legislation – 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.
Past issues can be downloaded Here.