Type of Pronouncement

Title and Date of Issuance

FASB Statements

Statement 123(R). Share-Based Payment (Revised 2004). (Issued: December 2004.)

Statement 132(R). Employers’ Disclosures about Pensions and Other Postretirement Benefits (Revised 2003). (Issued: December 2003.)

Statement 150. Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. (Issued: May 2003.)

Statement 151. Inventory Costs. (Issued: November 2004.)

Statement 152. Accounting for Real Estate Time-Sharing Transactions. (Issued: December 2004.)

Statement 153. Exchanges of Nonmonetary Assets. (Issued: December 2004.)

FASB Interpretations

Interpretation 46(R). Consolidation of Variable Interest Entities (Revised 2003).

(Issued: December 2003.)

FASB Staff Positions (FSPs)

FSPs Related to EITF Issues

FSP EITF 03-1-1. Effective Date of Paragraphs 10-20 of EITF Issue No. 03-1, "The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments." (Released September 30, 2004.)

FSPs Related to Interpretation 46(R)

FSP FIN 46(R)-1. Reporting Variable Interests in Specified Assets of Variable Interest Entities as Separate Variable Interest Entities under Paragraph 13 of FASB Interpretation No. 46 (Revised December 2003), Consolidation of Variable Interest Entities. (Released: February 12, 2004.)

FSP FIN 46(R)-2. Calculation of Expected Losses under FASB Interpretation No. 46 (Revised December 2003), Consolidation of Variable Interest Entities. (Released: February 12, 2004.)

FSP FIN 46(R)-3. Evaluating Whether as a Group the Holders of the Equity Investment at Risk Lack the Direct or Indirect Ability to Make Decisions about an Entity's Activities through Voting Rights or Similar Rights under FASB Interpretation No. 46 (Revised December 2003), Consolidation of Variable Interest Entities. (Released: February 12, 2004.)

FSP FIN 46(R)-4. Technical Correction of FASB Interpretation No. 46 (Revised December 2003), Consolidation of Variable Interest Entities, Relating to Its Effects on Question No. 12 of EITF Issue No. 96-21, “Implementation Issues in Accounting for Leasing Transactions Involving Special-Purpose Entities.” (Released: April 30, 2004.)

FSP FAS 97-1. Situations in Which Paragraphs 17(b) and 20 of FASB Statement No. 97, Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Investments, Permit or Require Accrual of an Unearned Revenue Liability. (Released: June 18, 2004.)

FSP FAS 106-1. Accounting and Disclosure Requirements Related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003. (Released: January 12, 2004.)

FSP FAS 106-2. Accounting and Disclosure Requirements Related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003. (Released: May 19, 2004.)

FSP FAS 109-1. Application of FASB Statement No. 109, Accounting for Income Taxes, to the Tax Deduction on Qualified Production Activities Provided by the American Jobs Creation Act of 2004. (Released: December 21, 2004.)

FSP FAS 109-2. Accounting and Disclosure Guidance for the Foreign Earnings Repatriation Provision within the American Jobs Creation Act of 2004. (Released: December 21, 2004.)

FSP FAS 129-1. Disclosure Requirements under FASB Statement No. 129, Disclosure of Information about Capital Structure, Relating to Contingently Convertible Securities. (Released: April 9, 2004.)

FSP FAS 141-1 and FSP FAS 142-1. Interaction of FASB Statements No. 141, Business Combinations, and No. 142, Goodwill and Other Intangible Assets, and EITF Issue No. 04-2, “Whether Mineral Rights Are Tangible or Intangible Assets.” (Released: April 30, 2004.)

FSP FAS 142-2. Application of FASB Statement No. 142, Goodwill and Other Intangible Assets, to Oil- and Gas-Producing Entities. (Released: September 2, 2004.)

FSP FAS 150-1. Issuer’s Accounting for Freestanding Financial Instruments Composed of More Than One Option or Forward Contract Embodying Obligations under FASB Statement No. 150, Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. (Released: October 16, 2003.)

FSP FAS 150-2. Accounting for Mandatorily Redeemable Shares Requiring Redemption by Payment of an Amount That Differs from the Book Value of Those Shares under FASB Statement No. 150, Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. (Released: October 16, 2003.)

FSP FAS 150-3. Effective Date, Disclosures, and Transition for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests under FASB Statement No. 150, Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. (Released: November 7, 2003.)

FSP FAS 150-4. Issuers' Accounting for Employee Stock Ownership Plans under FASB Statement No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity. (Released: November 7, 2003.)

EITF Issues

EITF Issue No. 02-14. " Whether an Investor Should Apply the Equity Method of Accounting to Investments other than Common Stock.”

EITF Issue No. 03-1. "The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments."

EITF Issue No. 03-6. "Participating Securities and the Two-Class Method under FASB Statement No. 128, Earnings per Share."

EITF Issue No. 03-13. “Applying the Conditions in Paragraph 42 of FASB Statement No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets," in Determining Whether to Report Discontinued Operations.”

EITF Issue No. 03-16. “Accounting for Investments in Limited Liability Companies.”

EITF Issue No. 04-1. “Accounting for Pre-Existing Contractual Relationships between the Parities to a Purchase Business Combination.”

EITF Issue No. 04-2. “Whether Mineral Rights are Tangible or Intangible Assets.”

EITF Issue No. 04-3. “Mining assets: Impairment and Business Combinations.”

EITF Issue No. 04-8. “The Effect of Contingently Convertible Debt on Diluted Earnings per Share.”

EITF Issue 04-10. “Determining Whether to Aggregate Operating Segments That Do Not Meet the Quantitative Thresholds.”

Announcements made at EITF Meetings

EITF Topic No. D-98. SEC Staff Announcement. "Classification and Measurement of Redeemable Securities."

Topic No. D-108. SEC Staff Announcement. "Use of the Residual Method to Value Acquired Assets Other Than Goodwill."

AICPA Statements of Position

SOP 03-3. Accounting for Loans or Certain Debt Securities Acquired in a Transfer. (Issued: December 12, 2003.)

SOP 04-2. Accounting for Real Estate Time-Sharing Transactions. (Issued: December 2004.)

AICPA Practice Aids

Practice Aid. Valuation of Privately-Held-Company Equity Securities Issued as Compensation. (Issued: April 2004.)

GASB Statements and Technical Bulletins

GASB Statement No. 40. Deposit and Investment Risk Disclosures, an amendment of GASB Statement No. 3. (Issued: March 2003.)

GASB Statement No. 42. Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries. (Issued: November 2003.)

GASB Statements and Technical Bulletins (continued)

GASB Statement No. 43. Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans. (Issued: May 2004.)

GASB Statement No. 44. Economic Condition Reporting - The Statistical Section -- An Amendment of NCGA Statement 1. (Issued: June 2004.)

GASB Statement No. 45. Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. (Issued: August 2004.)

GASB Statement No. 46. Net Assets Restricted by Enabling Legislation - An Amendment of GASB Statement No. 34. (Issued: December 2004.)

GASB Technical Bulletin No. 2004-1. Tobacco Settlement Recognition and Financial Reporting Entity Issues. (Issued: May 2004.)

GASB Technical Bulletin No. 2004-2. Recognition of Pension and Other Postemployment Benefit [OPEB] Expenditures/Expense and Liabilities by Cost-Sharing Employers. (Issued: December 2004.)

FASB Exposure Drafts

Proposed Statement of Financial Accounting Standards. Accounting Changes and Error Corrections—a replacement of APB Opinion No. 20 and FASB Statement No. 3. (Issued: December 15, 2003. Comment period ended April 13, 2004.)

Proposed Statement of Financial Accounting Standards. Earnings per Share —an amendment of FASB Statement No. 128.  (Issued: December 15, 2003. Comment period ended April 13, 2004.) 

Proposed Statement of Financial Accounting Standards. Qualifying Special-Purpose Entities and Isolation of Transferred Assets—an amendment of FASB Statement No. 140. (Issued: June 10, 2003. Comment period ended July 31, 2003.)

Proposed Interpretation. Accounting for Conditional Asset Retirement Obligations —an interpretation of FASB Statement No. 143. (Issued: June 17, 2004. Comment period ended August 1, 2004.)

Proposed Statement of Financial Accounting Standards. Fair Value Measurements. (Issued: June 23, 2004. Comment period ended September 7, 2004.)

AICPA Exposure Drafts

Proposed SOP. Accounting by Insurance Enterprises for Deferred Acquisition Costs on Internal Replacements. (Revised ED issued: November 2004. Comment period ended: January 7, 2005.)

Proposed SOP. Allowance for Credit Losses. (Issued: June 2003. Comment period ended September 19, 2003.)

 GASB Exposure Drafts

GASB Exposure Draft No. E-58. Proposed Statement, Communication Methods. (Issued: June 2004.)

GASB Exposure Draft No. E-60. Proposed Statement, Accounting for Termination Benefits. (Issued: December 2004.)