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- Title
FASB Issues ED on Consolidations, Q&A on Segments.
- Authors
Munter, Paul
- Abstract
This article reports that the Financial Accounting Standards Board (FASB) of the U.S. has issued an exposure draft based on its consolidations project and the FASB staff has prepared additional guidance on segment reporting. On February 23, 1999, the FASB issued a revised exposure draft entitled "Consolidated Financial Statements: Purpose and Policy." This current exposure draft is a revision of the previous exposure draft which had been issued October 16, 1995. The revised exposure draft would establish standards for when entities should be consolidated. This exposure draft would establish standards that specify when entities should be included in consolidated financial statements and would apply to business enterprises and not-for-profit organizations that control other entities regardless of the legal form of the controlling and controlled entities.
- Subjects
UNITED States; FINANCIAL Accounting Standards Board; ACCOUNTING standards; LINE of business reporting; FINANCIAL statements; HOLDING company accounting
- Publication
Journal of Corporate Accounting & Finance (Wiley), 1999, Vol 10, Issue 4, p127
- ISSN
1044-8136
- Publication type
Article
- DOI
10.1002/(SICI)1097-0053(199922)10:4<127::AID-JCAF13>3.0.CO;2-I