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UITF

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AcronymDefinition
UITFUnit Investment Trust Fund
UITFUrgent Issue Task Force
UITFUnemployment Insurance Trust Fund (Indiana)


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Following its proposals to amend UITF Abstract 13, "Accounting for employee stock ownership plan trusts", the Accounting Standards Board's urgent issues task force (UITF) is consulting further on a related amendment to UITF Abstract 17, "Employee share schemes", before it finalises revisions to the former.
For share awards other than stock options, the charge to the Group's income statement is based on the intrinsic value (market value on grant date) of the award, spread over the relevant performance period, in accordance with UITF 38 (Accounting for ESOP trusts).
It has been amended to reflect UITF Abstracts 24 (accounting for start-up costs) and UITF 28 (operating lease incentives) and the withdrawal of Abstract 20 on year 2000 issues.
 
 
 
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