Emerging Issues Task Force


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Emerging Issues Task Force

A standing committee formed by the Financial Accounting Standards Board with a directive to investigate and make recommendations on issues in accounting as they arise. It seeks to establish uniform practices on new issues before divergent practices become widely accepted for different regions and/or firms. To this end, the EITF holds public meetings from time to time to discuss new issues and to receive input on the recommendations it ought to make. It consists of accountants from the larger accounting firms and the chief accountant at the SEC.
References in periodicals archive ?
The Emerging Issues Task Force concluded that payments received by a reseller from a vendor for cooperative advertising are presumed to be product price reductions to be reflected as reductions in cost of goods sold as the products are sold (FASB, Emerging Issues Task Force, Issue no.
Sondhi is a member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB), co-author of the 2006 Miller Revenue Recognition Guide, a professor, and a consultant to leading companies and executives worldwide.
A Member of FASB's Emerging Issues Task Force Shares Insights on Guidance Impacting Revenue Recognition
CARL KAMPEL, CPA (Baltimore Chapter), was appointed to the Financial Accounting Standards Board (FASB) Emerging Issues Task Force (EITF).
Previously, under Emerging Issues Task Force Issue No.
The board decided that, in the interim while the standard is being developed, the Emerging Issues Task Force should continue to provide guidance on issues of revenue recognition based on the existing authoritative literature.
AFTER TWO WEEKS OF BACK-AND-FORTH DELIBERATIONS AT THE END OF SEPTEMBER, members of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) decided against use of an extraordinary item treatment for losses incurred in connection with the September 11 terrorist attacks.
However, seven Concepts Statements, over 150 Statements of Financial Accounting Standards (FAS) and over 500 Emerging Issues Task Force (EITF) consensuses, FASB Interpretations, Technical Bulletins, FASB Staff Positions (FSP) later--besides additional guidance from the American Institute of Certified Public Accountants (AICPA) and regulatory accounting pronouncements (RAP)--one may wonder if financial reporting has become an end in itself.
In accordance with the Financial Accounting Standards Board's Emerging Issues Task Force (EITF) Issue No.
For additional reference, there is a topical index to data addressed in the Original Pronouncements and Current Text, Issues Examined by the Emerging Issues Task Force (EITF), and the FASB's question-and-answer Special Reports.
The Emerging Issues Task Force of the Financial Accounting Standards Board decided against use of an extraordinary item treatment for losses incurred in connection with the Sept.
Member of Emerging Issues Task Force (EITF) of the FASB Presents: The Roadmap to Accurate Revenue Recognition
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