Deloitte
Accounting Research Tool
...
2016

November 14, 2016 — FASB Votes to Finalize ASU on Not-for-Profit Entities — Consolidation

FASB Votes to Finalize ASU on Not-for-Profit Entities — Consolidation

Accounting Journal Entry
November 14, 2016
At its meeting on November 9, 2016, the FASB redeliberated the amendments in its proposed Accounting Standards Update1 (ASU) on clarifying when a not-for-profit entity (NFP) that is a general partner should consolidate a for-profit limited partnership or similar legal entity. The Board reaffirmed the proposed guidance and authorized its staff to draft a final ASU.

Footnotes