Professional Standards-FASB 2015

For more detailed information on the Professional Standards listed below, please visit the FASB website.

 

Number Professional Standard Effective Date
No. 2015-17 Income Taxes (Topic 740) (B) 12-15-16 Public Companies
(B) 12-15-17 All Others
No. 2015-16 Business Combinations (Topic 805) (B) 12-15-15 Public Companies
(B) 12-15-16 All Others
No. 2015-15 Interest – Imputation of Interest (Subtopic 835-30) (I) 8-18-15
No. 2015-14 Revenue from Contracts with Customers (Topic 606) (B) 12-15-17 Public Companies, Nonprofits, Employee Plans
(B) 12-15-18 All Others
No. 2015-13 Derivatives and Hedging (Topic 815) (I) 8-10-15
No. 2015-12 Plan Accounting (Topic 960, 962 and 965) (B) 12-15-15
No. 2015-11 Inventory (Topic 330) (B) 12-15-16
No. 2015-10 Technical Corrections and Improvements Various
No. 2015-09 Financial Services – Insurance (Topic 944) (B) 12-15-15 Public Companies
(B) 12-15-16 All Others
No. 2015-08 Business Combinations (Topic 805) (I) 5-8-15
No. 2015-07 Fair Value Measurement (Topic 820) (B) 12-15-15 Public Companies
(B) 12-15-16 All Others
No. 2015-06 Earnings Per Share (Topic 260) (B) 12-15-15
No. 2015-05 Intangibles – Goodwill and Other – Internal-use Software (Subtopic 350-40) (B) 12-15-15
No. 2015-04 Compensation – Retirement Benefits (Topic 715) (B) 12-15-15 Public Companies
(B) 12-15-16 All Others
No. 2015-03 Interest-Imputation of Interest (Subtopic 835-30) (B) 12-15-15
No. 2015-02 Consolidation (Topic 810) (B) 12-15-15 Public Companies
(B) 12-15-16 All Others
No. 2015-01 Income Statement-Extraordinary and Unusual Items (Subtopic 225-20) (B) 12-15-15

 

Legend for Effective Date:
B=Beginning After
E= Ending After
I= When Issued