This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Principal versus agent — FASB decides not to require separate analysis

Published on: 12 Dec 2013

At its meeting this week, the FASB discussed its proposed ASU1 on the principal versus agent analysis and tentatively decided to integrate the proposal’s factors for determining whether a reporting entity is a principal or an agent into the evaluation of whether the reporting entity holds a controlling financial interest in the entity. Accordingly, a separate and distinct principal versus agent analysis would not need to be performed.


1 FASB Proposed Accounting Standards Update, Principal Versus Agent Analysis.

Accounting Journal Entries Image

Related Topics

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.