Emerging Issues Task Force

Recent Staff Announcements

Staff announcements made at EITF meetings are technical matters discussed by the EITF that have long-term relevance but do not relate specifically to a numbered EITF Issue (List of staff announcements). These announcements are available from Appendix D of EITF Abstracts, from the minutes of the EITF meeting at which the announcement was discussed, and from John Richter at the FASB offices (jerichter@fasb.org)

[D-1]  [D-36]  [D-53]  [D-80]  [D-86]  [D-98]  [D-109]  [D-110]
[Critical Terms Match] 

  • Topic No. D-1, "Implications and Implementation of an EITF Consensus."

    In connection with the May 2005 issuance of FASB Statement No. 154, Accounting Changes and Error Corrections, this announcement has been updated.

    Last Discussed: May 2005.

    [Download Topic D-1]

  • Topic No. D-36, "Selection of Discount Rates Used for Measuring Defined Benefit Pension Obligations and Obligations of Postretirement Benefit Plans Other Than Pensions"

    The SEC staff announced amendments to Topic D-36 to conform with FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. Topic D-36 is included below in its entirety (additions are underscored and deletions are struck through).

    Last Discussed: November 16, 2006.

    [Download Topic D-36]

  • Topic No. D-53, "Computation of Earnings per Share for a Period That Includes a Redemption or an Induced Conversion of a Portion of a Class of Preferred Stock"

    Topic D-53 contains references to AICPA Accounting Interpretation 44, "If Converted Method at Actual Conversion," which is an interpretation of the superseded APB Opinion No. 15, Earnings per Share. While FASB Statement No. 128, Earnings per Share, supersedes Opinion 15, it does not address the issues considered in Topic D-53. Therefore, the SEC staff announced the deletion of the references to Interpretation 44 and Opinion 15 and the addition of a reference to Statement 128. For convenience, Topic D-53 is included below in its entirety (additions are underscored and deletions are struck through).

    Last Discussed: September 2006

    [Download draft of Topic D-53]

  • Topic No. D-80, "Application of FASB Statements No. 5 and No. 114 to a Loan Portfolio"

    This announcement is being made available at this time in connection with the December 13, 2006 issuance by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the National Credit Union Administration of Interagency Policy Statement on the Allowance for Loan and Lease Losses. That guidance refers readers to this announcement for an explanation of the interaction between Statements 5 and 114. That aspect of the newly issued guidance is not new, but carried forward from previous guidance.

    Last Discussed: May 1999

    [Download Topic D-80]

  • Topic No. D-86, "Issuance of Financial Statements"

    Footnote 4 of Topic D-86 references examples included in previously deleted EITF Issues No. 95-18, "Accounting and Reporting for a Discontinued Business Segment When the Measurement Date Occurs after the Balance Sheet Date but before the Issuance of Financial Statements," and No. 99-11, "Subsequent Events Caused by Year 2000." Since these references were added as examples only and do not contribute to the ultimate conclusion, the SEC staff announced that the footnote would be deleted. For convenience, Topic D-86 is included below in its entirety (additions are underscored and deletions are struck through).

    Last Discussed: September 2006

    [Download draft of Topic D-86]

  • Topic No. D-98, "Classification and Measurement of Redeemable Securities."

    At the March 12, 2008 EITF meeting, the SEC Observer announced certain amendments to conform to FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements, which was issued in December 2007. See the minutes of the March 12, 2008 EITF meeting for an updated version. [Added text is underlined and deleted text is struck out.]

    Last Discussed: March 12, 2008.

    [Download Topic D-98 Marked]     [Download Topic D-98]

  • Topic No. D-109, "Determining the Nature of a Host Contract Related to a Hybrid Financial Instrument Issued in the Form of a Share under FASB Statement No. 133."

    The SEC Observer announced the SEC staff's position relating to the determination of whether the characteristics of a host contract related to a hybrid financial instrument issued in the form of a share are more akin to a debt instrument or more akin to an equity instrument.

    Last Discussed: March 15, 2007.

    [Download Topic D-109]

  • Topic No. D-110, "Escrowed Share Arrangements and the Presumption of Compensation."

    The SEC staff to clarify SEC staff views on overcoming the presumption that for certain shareholders these arrangements represent compensation.

    Last Discussed: June 18, 2009.

    [Download Topic D-110] 

  • [Download SEC Discussion of the Critical Terms Match Approach]

     

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