FASB Issues Accounting Standards Updates on Transfers and Servicing (Topic 860) and Consolidations (Topic 810)
December 29, 2009 — On December 23, 2009, the FASB issued Accounting Standards Update 2009-16, Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets, and Accounting Standards Update 2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities, to reflect the guidance in the recently issued Statements 1661 and 1672, respectively.
The Accounting Standards Updates (ASUs) can be accessed on Technical Library through the links above or on the FASB’s Accounting Standards Codification Web site.
[1] FASB Statement No. 166, Accounting for Transfers of Financial Assets — an Amendment of FASB Statement No. 140.
[2] FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R).
