EITF observer: A meeting synopsis - March 2013

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EITF observer 03/18/2013 by Assurance services
EITF observer: A meeting synopsis - March 2013

At a glance

At the EITF's March 14 meeting, the Task Force discussed four Issues, reaching a final consensus on two issues (12-B and 12-G) and consensus-for-exposure on one Issue (13-B). Further discussion is expected on one issue (12-F). This edition of EITF observer provides a synopsis of the meeting.

At the EITF's March 14 meeting, the Task Force discussed the four Issues listed below. This edition of EITF observer provides a synopsis of the meeting.

Final consensuses

  • Issue 12-B—Not-for-Profit Entities: Services Received from Personnel of an Affiliate for Which the Affiliate Does Not Charge the Recipient Not-for-Profit
  • Issue 12-G—Accounting for the Difference between the Fair Value of the Assets and the Fair Value of the Liabilities of a Consolidated Collateralized Financing Entity

Consensuses-for-exposure

  • Issue 13-B—Accounting for Investments in Affordable Housing Tax Credits

Further discussion expected

  • Issue 12-F—Recognition of New Accounting Basis (Pushdown) in Certain Circumstances/li>