Heads Up — FASB Proposes New Guidance on Joint Venture Formations

Published on: 09 Dec 2022

This Heads Up discusses the FASB’s proposed Accounting Standards Update Business Combinations — Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement. The proposed guidance would establish a new basis of accounting for most entities that meet the definition of a joint venture. Comments on the proposal are due by December 27, 2022.


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