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 March 3, 2016 EITF Meeting
At its March 2016 meeting, the EITF reached a consensus-for-exposure that restricted cash should be presented with cash and cash equivalents on the statement of cash flows. Entities would be required to reconcile amounts on the balance sheet to the statement of cash flows and disclose the nature of the restrictions.
Issue 16-A: "Restricted Cash"
EITF - 02/18/2016