On September 7, FASB
issued a two-part exposure draft, Business Combinations and Intangible Assets, which proposed eliminating the pooling-of-interests method of accounting for business combinations.
Scalise called upon the SEC to order a moratorium on the implementation of the FASB
rule and to undertake field-testing of valuation methods.
Balhoff points out that half of America's economic output is generated by millions of nonpublic companies, yet FASB
writes standards primarily for the complex finances of about 15,000 public companies, establishing the GAAP that the SEC requires for listing on U.
board agreed that the proposed FSP would apply for fiscal years beginning after Dec.
The IASB and FASB
have taken a flexible approach to convergence and are focusing on issuing standards of the highest quality possible, regardless of where the principles underlying them originated.
The term "probable" has the same meaning as in FASB
The legislation failed, but it obviously did not do much for the state of relations between FASB
In developing that guidance, the FASB
included several special measurement provisions for private companies designed to ease implementation.
plans to include references to all applicable U.
We are delighted to announce the reappointment of Bob Herz as Chairman of the FASB
," said Robert E.
In this project, FASB
is considering whether to permit entities a one-time election to report certain financial instruments (and perhaps similar non-financial instruments) at fair value with the changes in fair value included in earnings.
also issued Staff Position FAS 13-1, Accounting for Rental Costs Incurred during a Construction Period (www.