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


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Vol. 13, Issue 4

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.

Heads Up and other information on accounting and financial disclosure also can be found on the  Deloitte Accounting Research Tool (DART). DART, a subscription-based research tool, includes material from the Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), American Institute of Certified Public Accountants (AICPA), SEC, International Accounting Standards Board (IASB) and our own accounting manual and interpretative accounting guidance. Updated every business day, DART has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. DART subscribers receive periodic emails highlighting recent additions to the DART library.  Read more about DART.

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