FASB clarifies the definition of a business
Posted by mostafa on 5 January, 2017
No comments yet
This item was filled under Uncategorized
The US Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2017-01 ‘Clarifying the Definition of a Business’, which provides guidance on evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses.