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Proposed ASU: New Guidance on Liquidation Basis of Accounting
Posted by Kristen Shepley on Mon, Jan 28, 2013 @ 09:17 AM

FASB Offers Direction For Entities Facing Liquidation Process

In the near future, public companies, private companies, not-for-profit organizations, and employee benefit plans may have more guidance on how to adapt their financial reporting when they cross the line from going concerns to entities facing liquidation.

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Topics: accounting, Kristen Shepley, liquidation basis of accounting, financial reporting, FASB, compliance

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