The next few months should pump a little excitement into the profession as the Financial Accounting Standards Board moves to issue as many as 20 new documents - most of them exposure drafts - with some proposing significant changes to financial reporting.
Two proposals on accounting for business combinations are generating controversy before they've even been issued. One deals with purchase method procedures, the other with the treatment of non-controlling interests. A little later in the year, the profession can expect a proposal on combinations of not-for-profit organizations.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access