AccountingLink

EITF Update

13 June 2014

EITF Update - June 2014
The EITF reached final consensuses on measuring the financial assets and financial liabilities of a consolidated financing entity and reclassification of certain government insured residential mortgage loans upon foreclosure by a creditor. The EITF also discussed but didn’t reach a final conclusion on how to determine whether the host contract in a hybrid financial instrument issued in the form of a share is more akin to debt or to equity.

14 March 2014

EITF Update - March 2014
The EITF reached a final consensus on accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The EITF reached a consensus-for-exposure on the recognition of new accounting basis (pushdown) in certain circumstances. In addition, the EITF discussed measuring the financial assets and the financial liabilities of a consolidated financing entity and determining whether the host contract in a hybrid financial instrument issued in the form of a share is more akin to debt or to equity, but didn’t reach final conclusion.

15 November 2013

EITF Update - November 2013
The EITF reached final consensuses on measuring the financial assets and financial liabilities of a consolidated financing entity, accounting for service concession arrangements, accounting for investments in affordable housing projects and reclassification of residential real estate collateralized consumer mortgage loans upon foreclosure. The EITF reached a consensus-for-exposure on the classification of certain government insured residential mortgage loans upon foreclosure by a creditor. The EITF also discussed but didn’t reach a final conclusion about whether, when and how public and nonpublic companies should establish a new accounting basis in an acquired entity’s standalone financial statements.

16 September 2013

EITF Update - September 2013
The EITF reached consensuses-for-exposure on determining whether a performance target that can be achieved after the requisite service period is a performance condition or a condition that affects the grant-date fair value of the awards and determining whether the host contract in a hybrid financial instrument is more akin to debt or equity. In addition, the EITF discussed the accounting for investments in affordable-housing projects but didn’t reach a final conclusion.

12 June 2013

EITF Update - June 2013
The EITF reached final consensuses on the inclusion of the federal funds effective swap rate as a benchmark interest rate for hedge accounting purposes and the presentation of an unrecognized tax benefit when a net operating loss carryforward or tax credit carryforward exists. The EITF also reached consensuses-for-exposure on accounting for the difference between the fair value of the assets and the fair value of the liabilities of a consolidated collateralized financing entity, accounting for service concession arrangements and reclassification of collateralized mortgage loans upon a troubled debt restructuring. In addition, the EITF discussed whether a performance target that can be met after the requisite service has been provided by the employee is a vesting condition or a condition that affects the grant-date fair value of a share-based payment.

15 March 2013

EITF Update - March 2013
The EITF reached two final consensuses on recognition and measurement of services received by a not-for-profit entity from personnel of an affiliated entity for which the affiliate does not charge the recipient not for profit and accounting for the difference between the fair value of the assets and the fair value of the liabilities of a consolidated collateralized financing entity. The EITF also reached a consensus-for-exposure on the accounting for investments in qualified affordable housing projects and discussed pushdown accounting but did not reach any conclusions.

18 January 2013

EITF Update - January 2013
The EITF reached final consensuses on the following issues: (a) the accounting for a cumulative translation adjustment in sales within a foreign entity and sales of an investment in a foreign entity and (b) the recognition and measurement of obligations subject to joint and several liability for which the total amount of the obligation is fixed at the reporting date. The EITF also reached consensuses-for-exposure on two issues.

12 September 2012

EITF Update - September 2012
The EITF reached three final consensuses on presentation by a not-for-profit of proceeds from the sale of donated securities or other financial assets, accounting for an adjustment to an indemnification asset recognized as a result of a government-assisted acquisition of a financial institution and consideration of information after the balance sheet date in the impairment test of unamortized film costs. The EITF also reached consensuses-for-exposure on two other issues. Our EITF Update explains what you need to know about these issues.

22 June 2012

EITF Update - June 2012
The EITF reached two consensuses-for-exposure on services received by a not-for-profit entity from employees of an affiliated entity and the accounting for obligations with joint and several liability. The EITF also discussed one other issue, but didn’t reach a final consensus. The attached EITF Update explains what you need to know about these issues.

16 March 2012

EITF Update - March 2012
The EITF reached three consensuses-for-exposure on not-for-profit entities’ sales of donated securities that are unrestricted and readily convertible into cash, measuring indemnification assets and fair value measurements used for the impairment test for unamortized film costs. The EITF also discussed three other issues, but didn’t reach conclusions.

4 November 2011

EITF Update - November 2011
The EITF reached a final consensus on a derecognition issue involving "in-substance" real estate and a consensus-for-exposure on a cumulative translation adjustment issue.

24 June 2011

EITF Update - June 2011
This EITF Update summarizes the consensuses and tentative conclusions reached at the June 2011 EITF meeting.

23 November 2010

EITF Update - November 2010
This EITF Update summarizes the consensuses and tentative conclusions reached at the November 2010 EITF meeting.

17 September 2010

EITF Update - September 2010
This EITF Update summarizes the consensuses and tentative conclusions reached at the September 2010 EITF meeting.

30 July 2010

EITF Update - July 2010
This EITF Update summarizes the consensuses and tentative conclusions reached at the July 2010 EITF meeting.

19 March 2010

EITF Update - March 2010
This EITF Update summarizes the consensuses and tentative conclusions reached at the March 2010 EITF meeting.

20 November 2009

EITF Update - November 2009
This EITF Update summarizes the consensuses and tentative conclusions reached at the November 2009 EITF meeting.

1 September 2009

EITF Update - September 2009
This EITF Update summarizes the consensuses and tentative conclusions reached at the September 2009 EITF meeting.

19 June 2009

EITF Update - June 2009
This EITF Update summarizes the consensuses and tentative conclusions reached at the June 2009 EITF meeting.

20 March 2009

EITF Update - March 2009
This EITF Update summarizes the consensuses and tentative conclusions reached at the March 2009 EITF meeting.

1 January 2009

EITF Update - January 2009
This EITF Update summarizes the consensuses and tentative conclusions reached at the January 2009 EITF meeting.

1 November 2008

EITF Update - November 2008
This EITF Update summarizes the consensuses and tentative conclusions reached at the November 2008 EITF meeting.

1 September 2008

EITF Update - September 2008
This EITF Update summarizes the consensuses and tentative conclusions reached at the September 2008 EITF meeting.

1 June 2008

EITF Update - June 2008
This EITF Update summarizes the consensuses and tentative conclusions reached at the June 2008 EITF meeting.

1 March 2008

EITF Update - March 2008
This EITF Update summarizes the consensuses and tentative conclusions reached at the March 2008 EITF meeting.

1 November 2007

EITF Update - November 2007
This EITF Update summarizes the consensuses and tentative conclusions reached at the November 2007 EITF meeting.