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NEWS ALERT
FASB Ratifies EITF 08-1 and EITF 09-3:
Major Shifts in Accounting Expected


On September 23, the FASB Board voted to ratify the EITF 08-1 and EITF 09-3 consensuses reached by the EITF at its September 9th meeting. These far-reaching standards will impact companies that have arrangements with multiple elements (currently subject to EITF 00-21) as well as those that sell tangible products that contain software (SOP 97-2 and SOP 98-9 will no longer apply to these arrangements). Both of these EITF Issues will be applicable to arrangements entered into or materially modified on or after June 15, 2010, with earlier application permitted.

    EITF 08-1 - Implementation & Adoption

    EITF 09-3 - Implementation & Adoption

 
Issues

Why VSOE Spells Trouble

SOP 97-2 - Current issues in VSOE Accounting

SFAS 154, Accounting Changes and Error Corrections

Comprehensive Income

Earnings Per Share

Pensions
-The New FASB Pension Standard, SFAS 132(R)
-SFAS 132 (1998)
Employers' Disclosures about Pensions and Other Postretirement Benefits



EITF 00-21 – Multiple Deliverables
Executive Summary


Segment Reporting


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Executive Seminars

SUMMER/FALL 2010

New Seminars added from September through December!



On-site Corporate Programs
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NEW WEBCAST

Join Us For A New Webcast Seminar entitled:
"Software Revenue Recognition - SOP 97-2 and SOP 98-9: The Beginning of the End?" on Wednesday, April 21 at 1pm (EST)



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Tony Sondhi Tony Sondhi has been appointed
to the Inaugural Investor Advisory Group of the PCAOB
.

Click here to read the press release.


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Financial Consulting
Specialized in the areas of implementation of accounting standards, valuation, earnings quality, securitization and credit analysis.


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