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Accounting & Audit Alert May 2014


 

RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.


FASB Issues Guidance Related To Financial Reporting Of Discontinued Operations


The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in the ASU change the criteria for reporting discontinued operations and expand disclosure requirements in this area. 

GASB Votes Not To Delay The Implementation Of Statement No. 68


The Governmental Accounting Standards Board (GASB) has voted unanimously not to delay the implementation of GASB Statement No. 68, Accounting and Financial Reporting for Pensions.   

FASB Updates Glossary Terms


The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2014-06, Technical Corrections and Improvements Related to Glossary Terms

 

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