The Financial Accounting Standards Board (FASB) has issued nine Accounting Standards Updates (ASUs), in 2011.

All nine ASUs are listed below for your convenience. We have provided commentary to those that are broadly applicable throughout the year, and have provided a link to that commentary below.

• Update No. 2011-04 – Fair Value Measurement (Topic 820): Amendments to achieve common fair value measurement and disclosure requirements in US GAAP and IFRSs
• Update No. 2011-05 – Presentation of comprehensive income
• Update No. 2011-08 – Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment
• Update No. 2011-09 – Compensation-Retirement Benefits-Multiemployer Plans (Subtopic 715-80): Disclosures about an employer's participation in a multiemployer plan

We have also listed the industry-specific ASUs. Please utilize the links to be directed to the FASB website.

• Update No. 2011-01 – Receivables (Topic 310): Deferral of the effective date of disclosures about troubled debt restructurings in Update No. 2010-20
• Update No. 2011-02 – Receivables (Topic 310): A creditor's determination of whether a restructuring is a troubled debt restructuring
• Update No. 2011-03 – Transfers and Servicing (Topic 860): Reconsideration of effective control for repurchase agreements
• Update No. 2011-06 – Other Expenses (Topic 720): Fees paid to the federal government by health insurers (a consensus of the FASB Emerging Issues Task Force)
• Update No. 2011-07 – Health Care Entities (Topic 954): Presentation and disclosure of patient service revenue, provision for bad debts, and the allowance for doubtful accounts for Certain health care entities (a consensus of the FASB Emerging Issues Task Force)

Visit the FASB website to view the current technical plan and obtain information on all project updates.

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