Standards
Status of Statement No. 160
Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51
Status
Issued: December 2007
- Effective Date:
- For fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008; earlier adoption is prohibited
- Affects:
- Amends ARB 51, paragraphs 1 through 6, 9, 11, 13, 17, 18, and 22 through 24
- Deletes ARB 51, paragraphs 10, 14, and 15 and footnote 1a
- Adds ARB 51, paragraphs 25 through 39, A1 through A7, and B1
- Amends APB 18, paragraphs 4, 19(e), and 19(m) and footnote 3
- Deletes APB 29, footnote 7
- Amends AIN-APB 18, Interpretation No. 1
- Amends FAS 19, paragraphs 59I(a) and 59Z
- Amends FAS 60, paragraph 42
- Amends FAS 69, paragraphs 14(a), 31, and 40 and footnote † in Illustration 4
- Amends FAS 89, paragraphs 96 and 107
- Amends FAS 94, paragraph 4
- Amends FAS 107, paragraph 8
- Amends FAS 109, paragraph 33
- Amends FAS 128, paragraphs 9, 15, and 156
- Deletes FAS 128, footnote 26
- Amends FAS 130, paragraphs 14, 22, and 129
- Amends FAS 133, paragraphs 21(c) and 29(f)
- Amends FAS 142, paragraph 6
- Replaces FAS 142, footnote 5
- Deletes FAS 142, paragraph 38
- Adds FAS 142, paragraph 39A
- Amends FIN 37, paragraph 2
- Amends FIN 46(R), paragraph 22
- Amends FSP FAS 150-3, paragraph 8
- Deletes ARB 51, paragraphs 10, 14, and 15 and footnote 1a
- Affected by:
- Paragraph D1 amended by FAS 162, paragraph B9||
- Issues Discussed by FASB Emerging Issues Task Force (EITF)
- Affects:
- Affects:
- Nullifies EITF Issues No. 94-2 and 95-7
- Partially nullifies EITF Issues No. 90-5 and 90-13
- Modifies EITF Issues 85-21, 86-32, 99-16, 00-4, 00-6, and 01-2 and Topics No. D-41, D-84, and D-97
- Partially nullifies EITF Issues No. 90-5 and 90-13
- Interpreted by:
- No EITF Issues
- Related Issues:
- EITF Issues No. 99-1 and 00-19
_____________________________
||Note: Amendments as a result of FAS 162 are effective 60 days following the SEC’s approval of the PCAOB’s amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides
Additional Details
Section Pages