Heads Up — FASB Finalizes Amendments to Investment Company Guidance
Volume 20, Issue 16
This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2013-08, which amends the criteria for an entity to qualify as an investment company under ASC 946. While the ASU is not expected to significantly change which entities qualify for the specialized investment company accounting in ASC 946, it (1) introduces new disclosure requirements that apply to all investment companies and (2) amends the measurement criteria for certain interests in other investment companies.
For a brief audiovisual presentation about the new standard, don’t miss the latest Deloitte Dash.
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