This week the Financial Accounting Standards Board (FASB) issued three new proposed updates to accounting standards:
- Entertainment—Films (Topic 926): Accounting for Fair Value Information That Arises After the Measurement Date and Its Inclusion in the Impairment Analysis of Unamortized Film Costs
- Business Combinations (Topic 805): Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution
- Statement of Cash Flows (Topic 230): Not-for-Profit Entities: Classification of the Sale of Donated Securities in the Statement of Cash Flows
Comments on each of the exposure drafts are due by July 16, 2012; for complete copies—and an overview of all the FASB’s open exposure documents—click here.
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