EITF observer: A meeting synopsis - June 2012

EITF observer 06/22/2012 by Assurance services

At the EITF's June 21 meeting, the Task Force discussed the three Issues listed below. This edition of EITF observer provides a synopsis of the meeting.

Consensus-for-exposure

  • Issue 12-B—Not-for-Profit Entities: Contributed Services from an Affiliate
  • Issue 12-D—Accounting for Joint and Several Liability for Which the Total Amount of the Obligation is Fixed

Further discussion expected

  • Issue 11-A—Parent's Accounting for the Cumulative Translation Adjustment (CTA) upon the Sale or Transfer of a Group of Assets within a Consolidated Foreign Entity That Meets the Definition of a Business