Before taking a brief break for summer, the Financial Accounting Standards Board (FASB) posted its presentations to the 2012 American Accounting Association’s national meeting, held last week in Washington, D.C. Part I, by FASB member Tom Linsmeier and IASB member Patricia McConnell, covers the present status and future time frames for the FASB’s various projects on revenue, leases, insurance, disclosure framework, and private company decision-making framework.
In Part II, the same duo covers financial instruments, consolidations, investment entities, going concern, and repos. The FASB will resume its normal schedule of meetings beginning August 20.
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