Presentation by Tom Eiseman at the 19th Annual Decosimo Accounting Forum at the University of North Alabama.

1. A Global Reach with a Local Perspective
University of North Alabama
19th Annual Decosimo Accounting Forum
July 22, 2011
www.decosimo.com
Accounting Update - Exposure Drafts,
Proposals & Projects
TOM EISEMAN, CPA
Principal In Charge of Assurance and Assurance

2. TOPICS
 Joint FASB/IASB projects
 FASB-only projects
 Other activities

3. FASB/IASB PROJECTS AND TARGET DATE
Expected Date
2011
Project 3Q 4Q
Balance Sheet - Offsetting F
Consolidation: Policy & Procedures E
Consolidation: Investment Companies E
Revenue Recognition E
Accounting for Financial Instruments F
Leases F
Insurance Contracts E
Emissions Trading Schemes E
Financial Instruments with Characteristics of Equity E
Financial Statement Presentation E
Reporting Discontinued Operations E
F - Final document
E - Exposure draft

4. FASB-ONLY PROJECTS
Expected Date
2011
Project 3Q 4Q
Disclosure about an Employer's Participation in a
Multi-Employer Plan F
Goodwill Impairment Assessment F
Codification Technical Corrections E
Investment Properties E
Disclosure about Risks and Uncertainties and the
Liquidation Basis of Accounting E
Disclosure Framework D
Disclosure of Certain Loss Contingencies
F - Final document
E - Exposure draft
D – Discussion paper

5. OTHER ACTIVITIES
 EITF
 International Financial Reporting Standards
 Standard Setting for Nonpublic Entities

6. FASB WEBSITE
 www.fasb.org
 Click on tab heading “Projects”
 Technical Plan and Project Updates
 Other Technical Activities
 Research Projects
 Recently Completed Projects
 Projects Removed from Agenda
 Exposure Documents
 Comment Letters
 Technical Inquiry Service
 Effective Dates of Recent FASB Pronouncements
 FAS 133 Derivatives Implementation
 FASB XBRL

7. QUESTIONS?

8. CONNECT WITH ME
Tom Eiseman, CPA
Principal in Charge of Assurance
423.756.7100
tomeiseman@decosimo.com
Disclaimer: The contents of this presentation are for informational purposes only. The information is not intended to be a substitute for
professional accounting counsel. Always seek the advice of your accountant or other financial planner with any questions you may have
regarding your financial goals or specific situations.