FASB Issues Three ASUs in Response to EITF Consensuses
Published on:
24 Oct 2012
This week, the FASB issued the following three ASUs in response to final consensuses reached at the EITF’s September meeting:
- Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows.
- Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution.
- Accounting for Fair Value Information That Arises After the Measurement Date and Its Inclusion in the Impairment Analysis of Unamortized Film Costs.
See Deloitte’s September 2012 EITF Snapshot for more information about the EITF Issues on which the ASUs are based.