Accounting Policy and Practice Report Standards Index

EMERGING ISSUES TASK FORCE

– EITF Issues

– – 99-20, Recognition of Interest Income and Impairment on Purchased Beneficial Interests and Beneficial Interests That Continue to be Held by Transferor in Securitized Financial Assets, guidance made consistent with FAS 115, 1054; Linsmeier comments on, 1054
– – 00-21, Revenue Arrangements with Multiple Deliverables, issues being reconsidered include separability, 308
– – 01-2, Interpretations of APB Opinion No. 29 (ASC 845), FASB tentatively decides to modify, 398
– – 08-1, Revenue Arrangements with Multiple Deliverables, progress continues, 308; proposal to elevate residual method to be reissued, 578; FASB issues for comment, 619; comments sought, 665; EITF reaches consensus on guidance, 844; FASB ratifies, 893; final guidance issued by FASB, 933
– – 08-9, Milestone Method of Revenue Recognition, tentative consensus reached, 308; discussions continue, 579; discussions snagged, 846
– – 08-10, Selected Statement 160 Implementation Questions

– – – Modifications to be addressed by FASB, 398
– – – Ratified by FASB, EITF discussed transfers of interest of consolidated subsidiary but did not resolve issue, 88

– – 09-01, Accounting for Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance (ASC 470), tentative consensus ratified by FASB, issued for comment, 309; final consensus reached by EITF, 578; FASB ratifies, 619; final guidance issued by FASB, 934
– – 09-02, Research and Development Assets Acquired in Asset Acquisition (Topic 730), progress continues, 308; discussions continue, 579; accord reached on main tenets of proposed guidance, 845; FASB publishes draft for comment, 891
– – 09-03, Applicability of SOP 97-2 to Certain Arrangements That Include Software Elements, progress continues, 308; consensus reached, to be floated for public comment pending FASB clearance, 578; FASB issues for comment, 619; comments sought, 665; EITF reaches consensus on guidance, 844; FASB ratifies, 893; final guidance issued by FASB, 933
– – 09-04, Seller Accounting for Contingent Consideration (ASC 450), EITF discussion of remeasuring begins, 578; remeasurement of contingent consideration at fair value considered, consensus not reached, 579; proposal dropped from agenda, 846
– – 09-B, Consideration of an Insurer's Accounting for Majority-Owned Investments When Ownership Is Through Separate Account (Topic 944), tentative decisions reached, 845; FASB publishes draft for comment, 891
– – 09-E, Accounting for Distributions to Shareholders with Components of Stock and Cash in Calculation and Presentation of Earnings per Share (Topics 505 and 250), exposure document to be issued soon, 846; FASB publishes draft for comment, 891

– EITF Topics

– – D-33, Timing of Recognition of Tax Benefits for Prereorganization Temporary Differences and Carry Forwards, guidance nullified by FASB, 82; nullification proposal issued, 262
– – D-67, Isolation of Assets Transferred by Financial Institutions, guidance nullified by FASB, 82; nullification proposal issued, 262; nullification proposal proceeds, 810