FASB proposes amendments to discontinued operations

This item was filled under Uncategorized

The US Financial Accounting Standards Board (FASB) has issued Proposed Accounting Standards Update (ASU) ‘Presentation of Financial Statements (Topic 205): Reporting Discontinued Operations’. The proposal intends to improve financial reporting concerning discontinued operations and significantly converge the definition of discontinued operation with IFRS 5.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.