April 3, 2009
Now Available: FASB’s Staff Position of FAS 141(R)
A few weeks ago, I blogged about the FASB agreeing to issue a Staff Position that modifies FAS 141R on the accounting for business combinations (essentially leaving the FAS 5 regime in place for asset and loss contingencies acquired in business combimations). Yesterday, the FASB finally posted FSP 141(R)-1.