 |
 |
|
|
|
||||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
FAS 165 calls on companies to recognize "subsequent events" in their financial results related to litigation settlements and a customer's bankruptcy filings.
Robert Willens, CFO.com | US
June 15, 2009
No different than the current rules, simply codified in a different place in the literature. These are not changes to existing practice or GAAP.
Posted by James Wiseman | June 16, 2009 09:41 am
© CFO Publishing Corporation 2009. All rights reserved.