EITF observer: A meeting synopsis - September 2012

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EITF observer 09/13/2012 by Assurance services
EITF observer: A meeting synopsis - September 2012

At a glance

At the EITF's September 11 meeting, the Task Force discussed five Issues, reaching a final consensus on three issues (12-A, 12-C and 12-E) and consensus-for-exposure on two Issues (11-A and 12-G). This edition of EITF observer provides a synopsis of the meeting.

At the EITF's September 11 meeting, the Task Force discussed the five Issues listed below. This edition of EITF observer provides a synopsis of the meeting.

Final consensuses

  • Issue 12-A—Not-for-Profit Entities: Classification of the Sale of Donated Securities in the Statement of Cash Flows
  • Issue 12-C—Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution
  • Issue 12-E—Accounting for Fair Value Information That Arises after the Measurement Date and Its Inclusion in the Impairment Analysis of Unamortized Film Costs

Consensus-for-exposure

  • Issue 11-A—Parent's Accounting for the Cumulative Translation Adjustment (CTA) upon a Sale within a Foreign Entity or a Sale of an Investment in a Foreign Entity
  • Issue 12-G—Accounting for the Difference between the Fair Value of the Assets and Liabilities of a Consolidated Collateralized Financing Entity