FASB Issues Two Proposed ASUs in Response to EITF Consensuses
Published on:
12 Oct 2012
![Accounting Journal Entries Image]()
Yesterday, the FASB exposed the following two proposed ASUs for public comment in response to consensuses-for-exposure reached at the EITF’s September meeting (see Deloitte’s September EITF Snapshot for more information):
- Parent's Accounting for the Cumulative Translation Adjustment Upon Derecognition of Certain Subsidiaries or Groups of Assets Within a Foreign Entity or of an Investment in a Foreign Entity.
- Accounting for the Difference Between the Fair Value of the Assets and the Fair Value of the Liabilities of a Consolidated Collateralized Financing Entity.
Comments on each proposal are due by December 10, 2012.
