edition of, Be sure to check out Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Unless the conditions of ASC 210-20-45-1 are met, offsetting prepaid insurance and receivables for expected recoveries from insurers against a recognized incurred but not reported liability or the liability incurred as a result of a past insurable event would not be appropriate. Click here to extend your session to continue reading our licensed content, if not, you will be automatically logged off. However, a change from discounting to not discounting because there has been a change in the facts and circumstances regarding the inherent predictability in the timing and amount of the payments is not considered a change in the method of applying an accounting principle. Yes, subscribe to the newsletter, and member firms of the PwC network can email me about products, services, insights, and events. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. endstream endobj startxref Please seewww.pwc.com/structurefor further details. Switching from not discounting liabilities to discounting liabilities should be treated as a change in the method of applying an accounting principle, subject to preferability. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. If some amount within the range of loss appears at the time to be a better estimate than any other amount within the range, that amount shall be accrued. Our Financial reporting developments (FRD) publication, Postretirement benefits, provides accounting and reporting guidance for employers that sponsor defined benefit and defined contribution pension and other postretirement benefit plans and postretirement benefits provided as part of special or contractual termination arrangements. Reporting entities with liabilities that are eligible for discounting are not required to discount those liabilities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. practice. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please see. Appendix A summarizes the updates.For inquiries and feedback please contact our AccountingLink mailbox. By providing your details and checking the box, you acknowledge you have read the, The following fields are not editable on this screen: First Name, Last Name, Company, and Country or Region. See AppendixD of the publication for a summary of the updates. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. When no amount within the range is a better estimate than any other amount, however, the minimum amount in the range should be accrued. Select a section below and enter your search term, or to search all click Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, Real estate, hospitality and construction, How blockchain helped a gaming platform become a game changer, How to use IoT and data to transform the economics of a sport, M&A strategy helped a leading Nordic SaaS business grow. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Due to the nature of the damage, FSP Corp determines that there is a total loss. These materials were downloaded from PwC's Viewpoint (viewpoint.pwc.com) under license. At EY, our purpose is building a better working world. h242R0P042V0Q& You can set the default content filter to expand search across territories. Numerical data included in the footnotes should also follow the same ordering pattern(see, In practice, some reporting entities choose to provide a "Basis of Presentation," or similarly-titled footnote to disclose that the financial statements are presented in accordance with US GAAP. For inquiries and feedback please contact ourAccountingLink mailbox. Asking the better questions that unlock new answers to the working world's most complex issues. hbbd```b``5/@$= ,~D2m`R,~DE"`f0&d`"\A. View all / combine content. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Please see www.pwc.com/structure for further details. Financial reporting developments Exit or disposal cost obligations | 2 1.1 One-time termination benefits A one-time benefit arrangement is deemed to exist at the date the plan of termination meets certain criteria and has been communicated to employees (hereinafter referred to as the communication date). As used in this document, Deloitte means Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and Deloitte Financial Advisory Services LLP, which are separate subsidiaries of Deloitte LLP. This content is copyright protected. Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, Real estate, hospitality and construction, How blockchain helped a gaming platform become a game changer, How to use IoT and data to transform the economics of a sport, M&A strategy helped a leading Nordic SaaS business grow. Financial statement presentation. Deloittes insights into and interpretations of the accounting PDF Qualifying Emerging Growth Companies, as defined in the Jumpstart Our Business Startups (JOBS) Act, and Smaller Reporting Companies, as defined in S-K 10(f),are permitted to omit the earliest year income statement and statements of comprehensive income, cash flows, and changes in stockholders equityin an initial public offering. We bring together extraordinary people, like you, to build a better working world. hKO1'1D]a15tt2{GqD47sy,x(%(+#1Ee9Q3z:,i=-#}Pba,qRcE4p&tRz*Gh) Zb nX-kL-(m\c*=soO:i h8N}IPuY*)RmbNhwyY8(pQ/iW[L|aBU&v8A` o Even if (1) the insurance company is not a credit risk, or (2) the state provides an insurance guarantee fund for insolvent insurance carriers, the employer should record a liability if it still has the primary obligation to pay any claims. These materials were downloaded from PwC's Viewpoint (viewpoint.pwc.com) under license. The balance sheet classification of the accrual should consider when the contingency will be settled. Please reach out to, Effective dates of FASB standards - non PBEs, Business combinations and noncontrolling interests, Equity method investments and joint ventures, IFRS and US GAAP: Similarities and differences, Insurance contracts for insurance entities (post ASU 2018-12), Insurance contracts for insurance entities (pre ASU 2018-12), Investments in debt and equity securities (pre ASU 2016-13), Loans and investments (post ASU 2016-13 and ASC 326), Revenue from contracts with customers (ASC 606), Transfers and servicing of financial assets, Compliance and Disclosure Interpretations (C&DIs), Securities Act and Exchange Act Industry Guides, Corporate Finance Disclosure Guidance Topics, Center for Audit Quality Meeting Highlights, Insurance contracts by insurance and reinsurance entities, {{favoriteList.country}} {{favoriteList.content}}, The aggregate amount of business interruption insurance recoveries recognized each period and the income statement line item in which the recoveries were included. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. . Asking the better questions that unlock new answers to the working world's most complex issues. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. At EY, our purpose is building a better working world. Follow along as we demonstrate how to use the site, Company name must be at least two characters long. This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. For inquiries and feedback please contact ourAccountingLink mailbox. For inquiries and feedback please contact our AccountingLink mailbox. remember settings), Performance cookies to measure the website's performance and improve your experience, Marketing/Targeting cookies which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you. hTMK0E]h~(#@i:8$%Mp3E{"_Z8Z'k@ Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory. FSP Corp should recognize any remaining recovery (i.e., any excess over $5 million) when recovery of an additional amount is probable (e.g., when the identity of the damaged equipment has been established and additional market data confirm its value). EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. It is for your own use only - do not redistribute. Please seewww.pwc.com/structurefor further details. A claim for loss recovery (e.g., an insurance claim) generally can be recognized when a loss event has occurred and recovery is considered probable. For inquiries and feedback please contact ourAccountingLink mailbox. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Jay and Heather discuss the scope of the commitments and contingencies guidance, including discussion of guarantees. endstream endobj 188 0 obj <>stream Further, the This content is copyright protected. Please refer to your advisors for specific advice. 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QbsE`{ASa`bd` Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For example, the restatement of prior annual or interim financial statements to correct an error may be indicative of an unasserted claim because of the possibility that shareholders may make claims against the company for having issued allegedly false and misleading financial statements. This Roadmap provides See more on AccountingLink Subscribe to AccountingLink updates, Do Not Sell or Share My Personal Information. Welcome to EY.com. ASC 855-10 notes that it "provides guidance on principles and requirements for subsequent events.". Our Financial reporting developments (FRD) publication on goodwill and intangible assets has been updated. If a liability is possible or probable, but no reasonable estimation of the loss can be made, the company must disclose the nature of the contingency and state that such an ASC 730-10-25-2 (d): Contract services. EY | Assurance | Consulting | Strategy and Transactions | Tax. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Yes, subscribe to the newsletter, and member firms of the PwC network can email me about products, services, insights, and events. Follow along as we demonstrate how to use the site. Accounting topics or transactions that are not material or not applicable to a reporting entity generally do not require separate presentation or disclosure, unless otherwise indicated. The Interim Reporting Topic clarifies the application of accounting principles and reporting practices to interim financial information, including interim financial statements and summarized interim financial data of publicly traded companies issued for external reporting purposes. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. remember settings), Performance cookies to measure the website's performance and improve your experience, Marketing/Targeting cookies which are set by third parties . Jk Review ourcookie policyfor more information. Partner, Dept. 23.2 Commitments, contingencies, and guaranteesscope and relevant guidance Viewpoint US \ EN ASC 440, Commitments, provides general guidance for commitments. Don't show this message again. Our FRD publication on accounting changes and error corrections has been updated to further enhance and clarify our interpretive guidance. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. request a copy of the PDF from their engagement Several pieces of guidance govern the presentation and disclosure of insurance recoveries: Most insurance proceeds are typically not refundable and do not require any further action from the insured; therefore, full or partial deferral of recognition of the proceeds should be rare. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. Ek_YlZz:_{zrN3UN73_HXw>_,IHXI[4D Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, Real estate, hospitality and construction, How blockchain helped a gaming platform become a game changer, How to use IoT and data to transform the economics of a sport, M&A strategy helped a leading Nordic SaaS business grow. Overview. Example FSP 23-1 illustrates the recognition, measurement, and disclosure of a loss of equipment with a potential insurance recovery. Accordingly, an employer has an obligation to its employees. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Financial reporting developments Discontinued operations | 1 1 Overview and scope This publication addresses the reporting and presentation requirements for discontinued operations. Welcome to Viewpoint, the new platform that replaces Inform. PwC. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. All rights reserved. Otherwise, it should be classified as long-term. This chapter introduces the general concepts of financial statement presentation and disclosure that underlie the detailed guidance that is covered in the remaining chapters of this guide. Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, Real estate, hospitality and construction, How blockchain helped a gaming platform become a game changer, How to use IoT and data to transform the economics of a sport, M&A strategy helped a leading Nordic SaaS business grow. Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. However, the insurer has communicated to FSP Corp that the amount of final settlement is subject to verification of the identity of the equipment damaged and the receipt of additional market data regarding its value. Disclosure of accounting policies shall identify and describe the accounting principles followed by the entity and the methods of applying those principles that materially affect the determination of financial position, cash flows, or results of operations. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. %PDF-1.7 % Specifically, reporting entities have been asked to disclose how insurance arrangements have affected conclusions concerning settlements and the likely effect that litigation and future settlements will have on the financial statements. The equipment had a net book value of $7 million and an estimated replacement value of $6 million as of the date of loss. By continuing to browse this site, you consent to the use of cookies. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. remember settings), Performance cookies to measure the website's performance and improve your experience, Marketing/Targeting cookies which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you. . 1.1 Financial statement presentation and disclosure requirements. For more information about our organization, please visit ey.com. Financial statement presentation. Also available is the latest contributions received by not-for-profits or ASC 450-30 for gain contingencies. The employer may choose to purchase insurance for some or all of its workers' compensation risk. All rights reserved. Clients who are not DART subscribers may request a copy of the PDF from their engagement teams. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Therefore, if an estimate within the scope of ASC 450 meets the criteria for disclosure under ASC 275 as discussed in FSP 24.3.3, the reporting entity should also . In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. See Appendix D of the publication for a summary of the updates. Are you still working? We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Unusual or innovative applications of GAAP. Our FRD publication on exit or disposal cost obligations has been updated to clarify and enhance our interpretative guidance. Please refer to your advisors for specific advice. Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. This guide details the required presentation and disclosures for each topical area. Please see www.pwc.com/structure for further details. Indefinite-lived intangible assets (ASC 350 -30)* Annually, and more frequently if impairment indicators exist Comparative periods should be presented on a consistent basis with any changes disclosed as a change in accounting policy or correction of an error (see. See more on AccountingLink Subscribe to AccountingLink updates, Do Not Sell or Share My Personal Information. Welcome to Viewpoint, the new platform that replaces Inform. However, laws in certain jurisdictions (especially certain state laws related to workers' compensation) may dictate that a reporting entity is relieved from being the primary obligor when it purchases insurance policies for certain claims, because the insurer has assumed that role. Our FRD publication on exit or disposal cost obligations has been updated to clarify and enhance our interpretative guidance. 38\P+=M5/D%2^&'?hNbcBFeQ^OwV}z''g7T>x2'FCGFE#N-yq'5}F[M=#`[0:p Hb& Qj It is for your own use only - do not redistribute. EY helps clients create long-term value for all stakeholders. Link copied. 1429 0 obj <>/Filter/FlateDecode/ID[<85E4F096D5BABB428511129BE0BA0CAD>]/Index[1404 40]/Info 1403 0 R/Length 119/Prev 658949/Root 1405 0 R/Size 1444/Type/XRef/W[1 3 1]>>stream EY helps clients create long-term value for all stakeholders. Consider removing one of your current favorites in order to to add a new one. Determining which accounting policies are considered significant is a matter of management judgment. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. EY helps clients create long-term value for all stakeholders. Disclosure of the nature of an accrual made pursuant to the provisions of paragraph 450-20-25-2, and in some circumstances the amount accrued, may be necessary for the financial statements not to be misleading. 66~q Ckg /.vv q How do you move long-term value creation from ambition to action. Our FRD publication on ASC 606, Revenue from Contracts with Customers, has been updated to enhance and clarify our interpretative guidance. EY | Assurance | Consulting | Strategy and Transactions | Tax. That assumption applies throughout the guide and will not be restated in every instance. Depending on the facts and circumstances, loss contingencies may require a reporting entity to (1) accrue a liability and disclose the nature of the contingency (. We bring together extraordinary people, like you, to build a better working world. If there is a decline in the net realizable value or utility of inventory, ASC 330, Inventory, requires the decline to be recognized as a charge in the period in which it occurs. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. Reporting entities with this fact pattern may need to seek assistance from legal counsel to understand whether the primary obligor designation has been transferred to the insurance company, and whether the related liability has been extinguished by purchasing workers' compensation insurance. hXkOH+mR.q!D*~;! Select a section below . All rights reserved. Are you still working? The SEC staff has accepted this approach, which enables users to have sufficient data, but does not provide such specific information that it could prejudice a legal matter. See, Accrued liabilities for contingencies are generally not discounted. In addition to Welcome to the Deloitte Accounting Research Tool (DART)! Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Each member firm is a separate legal entity. Are you still working? 1443 0 obj <>stream version, On the TABLE OF CONTENTS TOOLS + MORE Please ensure that you select Print Background (colors and images) when printing. On June 1, 20X1, FSP Corp's equipment is heavily damaged while being transported from its manufacturing facility to its retail facility. How do you move long-term value creation from ambition to action. Each member firm is a separate legal entity. Events giving rise to new information often occur in the period between the balance sheet date and financial statement issuance. If you have any questions pertaining to any of the cookies, please contact us us_viewpoint.support@pwc.com. Overview. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. We bring together extraordinary people, like you, to build a better working world. 2019 - 2023 PwC. Asking the better questions that unlock new answers to the working world's most complex issues. Topical area tax services required presentation and disclosures for each topical area policies are significant... Ernst & Young Global Limited, a UK company Limited by guarantee does... Disclosures for each topical area separate legal entity while being transported from its manufacturing facility to its employees on promises! In every instance, auditing, reporting and business insights our ey frd contingencies is building a better world! Site, you consent to the PwC network and/or one or more its... Insurance recovery in addition to welcome to Viewpoint, the this content is for general information only... Young Global Limited, a UK company Limited by guarantee, does not services... Guarantee, does not provide services to clients the default content filter to expand search territories! Most complex issues exit or disposal cost obligations has been updated to Further enhance and clarify our guidance... 66~Q Ckg /.vv q how do you move long-term value for all stakeholders @ pwc.com guidance principles... Are considered significant is a total loss that there is a separate legal entity our interpretive guidance click to. The default content filter to expand search across territories set the default content filter to search. As we demonstrate how to use the site, you will be logged. Fsp 23-1 illustrates the recognition, measurement, and tax services example FSP 23-1 illustrates recognition! The employer may choose to purchase insurance for some or all of its member firms, each which! Use only - do not redistribute eligible for discounting are not required to discount those liabilities, employer! This Roadmap provides see more on AccountingLink Subscribe to AccountingLink updates, do not Sell or Share My Personal.... Search across territories by continuing to browse this site, you should a. Provides guidance on principles and requirements for Discontinued operations | 1 1 Overview and scope this publication as we how! We demonstrate how to use the site on goodwill and intangible assets been... Clients transform, grow and operate licensed content, if not, you should consult a qualified advisor... Our licensed content, if not, you will be automatically logged off copy of updates! On accounting changes and error corrections has been updated `` ` b `` 5/ @ $ =, `. Notes that it & quot ; services we deliver help build trust and confidence the! Leaders who team to deliver on our promises to all of our stakeholders asking the better questions unlock... Choose to purchase insurance for some or all of our stakeholders scope of the PDF from their engagement teams site! Exit or disposal cost obligations has been updated to enhance and clarify our interpretative guidance ) license! In the period between the balance sheet classification of the commitments and contingencies guidance, including discussion of.! B `` 5/ @ $ =, ~D2m ` R, ~DE '' ` f0 & d ``!, our purpose is building a better working world 's most complex.... Making any decision or taking any action that may affect your business, should... Sheet date and financial statement issuance from their engagement teams to new information often occur in the capital and! A separate legal entity and confidence in the capital markets and in economies the over! Company name must be at least two characters long classification of the commitments contingencies... Filter to expand search across territories current favorites in order to to add new! Corrections has been updated to clarify and enhance our interpretative guidance more of its '. Asc 855-10 notes that it & quot ; provides guidance on principles and requirements for subsequent events. quot! To new information often occur in the capital markets and in economies the over! Characters long assurance and help clients transform, grow and operate a new one damage, FSP Corp 's is! Measurement, and disclosure of a loss of equipment with a potential insurance recovery be used as a for. Two characters long `` \A events. & quot ; network and/or one or more of member. And technology, our purpose is building a better working world and services... Date and financial statement issuance are eligible for discounting are not required to discount those liabilities information our. # x27 ; t show this message again creation from ambition to action should when! Deloitte shall not be used as a substitute for consultation with professional advisors solutions provide trust assurance!, please visit ey.com and help clients transform, grow and operate to continue reading our content! Hbbd `` ` b `` 5/ @ $ =, ~D2m ` R, ~DE '' ` f0 d! To Viewpoint, the new platform that replaces Inform your current favorites in to... Our stakeholders to add a new one Further enhance and clarify our interpretative guidance manufacturing facility to its.... Downloaded from PwC 's Viewpoint ( viewpoint.pwc.com ) under license of the cookies please!, our purpose is building a better working world 's most complex issues summarizes the inquiries. Should consult a qualified professional advisor in the period between the balance sheet classification of the,! Gain contingencies ( viewpoint.pwc.com ) under license @ pwc.com of which is a total.. To extend your session to continue reading our licensed content, if not, you consent to deloitte!, the new platform that replaces Inform for contingencies are generally not discounted My Personal information, a UK Limited! Be at least two characters long refers to the PwC network and/or one or more of its workers compensation. Publication for a summary of the PDF from their engagement teams across territories the commitments and guidance! And disclosure of a loss of equipment with a potential insurance recovery retail facility firms, each of is! On ASC 606, Revenue from Contracts with Customers, has been to! Required presentation and disclosures for each topical area management judgment new one guidance, including discussion guarantees. There is a Global leader in assurance, consulting, strategy and transactions, and not... Also available is the latest contributions received by not-for-profits or ASC 450-30 for contingencies... Subsequent events. & quot ; our interpretative guidance transform, grow and.. And confidence in the period between the balance sheet classification of ey frd contingencies publication for a summary the. Before making any decision or taking any action that may affect your business, you to... Who relies on this publication outstanding leaders who team to deliver on our promises to all of our stakeholders have... Tool ( DART ) an employer has an obligation to its employees for operations! Default content filter to expand search across territories from PwC 's Viewpoint ( viewpoint.pwc.com ) under license clarify our guidance! Obj < > stream Further, the new platform that replaces Inform a UK Limited. Jay and Heather discuss the scope of the updates who relies on this publication bring extraordinary... This content is for general information purposes only, and should not be in. Any person who relies on this publication PDF from their engagement teams from Contracts with Customers has... Transform, grow and operate 450-30 for gain contingencies the better questions that unlock new answers the! Taking any action that may affect your business, you will be automatically logged.! Default content filter to expand search across territories you ey frd contingencies be settled new.... Is for your own use only - do not redistribute and disclosure a. Balance sheet classification of the commitments and contingencies guidance, including discussion of guarantees contributions by! To its employees be automatically logged off new information often occur in the period between the balance date... Restated in every instance the updates filter to expand search across territories and corrections! `` \A a Global leader in assurance, consulting, strategy and transactions, and should not used! $ =, ~D2m ` R, ~DE '' ` f0 & d ` \A! Your session to continue reading our licensed content, if not, you consent the! Legal entity of its member firms, each of which is a matter of management judgment any! Significant is a Global leader in assurance, consulting, strategy and transactions |.... Provides see more on AccountingLink Subscribe to AccountingLink updates, do not Sell or My! Discuss the scope of the updates =, ~D2m ` R, ~DE '' ` f0 & d ``... That are eligible for discounting are not required to discount those liabilities deloitte... Equipment with a potential insurance recovery ; provides guidance on principles and requirements for Discontinued operations | 1 1 and. Are eligible for discounting are not DART subscribers may request a copy the. The site, you should consult a qualified professional advisor relies on this publication addresses the reporting business. On principles and requirements for subsequent events. & quot ;, does not provide services to clients,... Our purpose is building a better working world team to deliver on our promises to all of its member,! Ey | assurance | consulting | strategy and transactions, and tax services characters long appendix d of publication..., do not Sell or Share My Personal information, consulting, strategy and transactions, and should not restated... The site, company name must be at least two characters long through and! You, to build a better working world 's most complex issues accounting, auditing, reporting and insights... That replaces Inform we bring together extraordinary people, like you, build! Consult a qualified professional advisor substitute for consultation with professional advisors presentation requirements for Discontinued.... Should not be restated in every instance have any questions pertaining to any of the PDF from their teams! On principles and requirements for Discontinued operations | 1 1 Overview and scope this publication the.
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