We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

Simplification of equity method

World Accounting Report

Simplification of equity method

Under its general simplification initiative, the FASB has removed the requirement to make retrospective adjustments when an equity investment passes a threshold to be treated as an associate. The previous requirement was to go back to past transactions relating to their investment and restate them as though it had always been accounted for as an associate.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.