Heads Up: FSP Emphasizes Entity Design in Accounting Under Interpretation 46(R) |
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.
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Heads Up
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