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FASB plans to distinguish liabilities from equity

Tammy Whitehouse | September 20, 2017

Accounting rule makers have decided to put some elbow grease into better distinguishing liabilities from equity in financial statements with the goal of making the guidance less complex and easier to understand.

The Financial Accounting Standards Board added a project to its technical agenda after considering the feedback to its 2016 request for public comment on what accounting issues deserve the board’s priority attention. FASB says its liabilities and equities project will focus on convertible debt, disclosures, and earnings per share, plus indexation and settlement within the context of the derivative scope exception.

In addition, the FASB added a new project on a component of financial performance reporting focusing on separating performance... To get the full story, subscribe now.