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15 June 2009

FASB action alert 10 June


The Board discussed issues on the proposed revenue recognition model and on measurement requirements for freestanding equity, liability, and asset instruments and equity hybrids instruments.

The Board discussed three topics that have not yet been addressed in the proposed revenue recognition model:

(1) gross versus net presentation of revenues,

(2) the combination, segmentation, and modification of contracts, and

(3) non-monetary exchanges.

 

It also discussed measurement requirements for freestanding equity, liability, and asset instruments and equity hybrids instruments.

 

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© FASB


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