FASB - Consensuses-for-exposure 

September 18: The FASB’s Emerging Issues Task Force (EITF) discussed three issues at its September 13, 2013, meeting and reached two consensuses-for-exposure on:
  • Determining whether a performance target that can be met after the requisite service period is a performance condition or a condition that affects the grant-date fair value of the awards
  • Determining whether the host contract in a hybrid financial instrument is more akin to debt or to equity

The FASB must ratify the consensuses-for-exposure before they are issued for comment. The EITF also reached a tentative agreement, but will perform additional outreach and analysis, on accounting for investments in tax credits.


Read a September 2013 report [PDF 137 KB] prepared by KPMG LLP: Defining Issues: EITF Reaches Two Consensuses-for-Exposure




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