admin Sift Media Share this content Advertisement Guide Sponsored Three Foundational Keys To Fraud Deterrence Financial Statement Presentation Project 'Pauses,' Out of FASB, IASB June, 2011 Priorities Oct 25th 2010 admin Sift Media Share this content In an article published today, FASB, IASB Suspend Financial Statement Presentations Project Due to Workload, BNA's Denise Lugo reports that at the final session of the FASB, IASB joint board meeting last week, the boards decided that the financial statement presentation project will be dropped from the list of priority agenda items on which they aim to converge by June, 2011. Focus Of June, 2011 Convergence Plan Down To Four Remaining Projects; Liability-Equity Also Off June, 2011 List As such, the financial statement presentation project -- and the separate project aiming at convergence of accounting for liabilities vs. equity (aka the 'liability-equity project), as noted in the separate article FASB, IASB Ditch Effort to Converge On Liability-Equity Accounting Issues by BNA's Stephen Bouvier -- will not be included among the four convergence projects prioritized for completion by the June, 2011 convergence deadline set forth in the FASB-IASB MOU as updated last year. BNA's Lugo notes: "The four high-priority projects the boards expect to finalize by June 2011 are: 1. financial instruments, 2. leases, 3. revenue recognition, and 4. insurance." Read more about the above subject, and some upcoming conferences providing updates from the FASB, IASB, and SEC, here. Tags: Share this content Leave a comment Related content Standards Jul 15th 2021 Where Are We With Client Noncompliance Issues? by James J. Newhard Standards Mar 24th 2021 Changes From Numerous ASB Statements to Know by Dr. Nancy J. Stempin Standards Feb 22nd 2021 Lease Accounting Implementation Trends in 2021 by Ane Ohm admin Sift Media Read more from admin Advertisement Replies (0) Please login or register to join the discussion. There are currently no replies, be the first to post a reply.