Recently, the FASB issued Staff Position (FSP) No. FIN 46(R)-6, “Determining the Variability to Be Considered in Applying FASB Interpretation No. 46(R).” After lengthy deliberations, the FASB ultimately decided that the “by-design” approach should be the single method used to understand variability when applying Interpretation 46(R). Key concepts of this FSP are summarized in the attached Heads Up.
Read more in the file attached below, or visit the Heads Up Archive for past issues.
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