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.