The mission of the EITF is to assist the FASB in improving financial reporting through the timely identification, discussion, and resolution of financial accounting issues within the framework of theFASB Accounting Standards CodificationTM.
EITF observer: A meeting synopsis - March 2016
PwC - 03/18/2016
The EITF met on March 3, 2016 to discuss the presentation of restricted cash within the statement of cash flows and the related disclosures. PwC's EITF observer provides you an insightful summary of decisions reached and the changes affecting GAAP.
EITF observer: A meeting synopsis - November 2015
PwC - 11/17/2015
The EITF met on November 12, 2015 to discuss four issues. PwC's EITF observer provides you an insightful summary of decisions reached and the changes affecting GAAP.
Final Minutes November 12, 2015, EITF Meeting
At its November 2015 meeting, the EITF discussed four Issues and reached final consensuses on three of them: (1) recognizing “breakage” on prepaid stored-value cards, (2) hedge accounting implications of derivative contract novations, and (3) evaluation of contingent put or call options in debt instruments. It also reached a consensus-for-exposure on eight of the nine issues being considered as part of its Issue on statement of cash flows classification.
Issue 16-A: "Restricted Cash"
EITF - 02/18/2016