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profit entity during the year, it is the change since the acquisition date. Paragraph 830-740-45-1 addresses the manner of reporting the transaction gain or loss that is included in the net change in a deferred foreign tax liability or asset when the reporting currency is the functional currency.

55.

Amend paragraph 815-10-15-74, with no change to transition, as follows:

815-10-15-74 Notwithstanding the conditions of paragraphs 815-10-15-13 through 15-139, the reporting entity shall not consider the following contracts to be derivative instruments for purposes of this Subtopic:

  • a.

    Contracts issued or held by that reporting entity that are both:

    • 1.

      Indexed to its own stock

    • 2.

      Classified in stockholders’ equity in its statement of financial position.

  • b.

    Contracts issued by the entity that are subject to Topic 718 or Subtopic

505-50. If any such contract ceases to be subject to Topic 718 or Subtopic 505-50 in accordance with paragraphs 718-10-35-9 through 35–14, the terms of that contract shall then be analyzed to determine whether the contract is subject to this Subtopic. An award that ceases to be subject to Topic 718 or Subtopic 505-50 in accordance with those paragraphs shall be analyzed to determine whether it is subject to this Subtopic.

  • c.

    Contracts between an acquirer and a seller to enter into a business combination or an acquisition by a not-for-profit entity, or contracts between NFPs to enter into a merger of not-for-profit entities at a future date.

  • d.

    Forward contracts that require settlement by the reporting entity’s delivery of cash in exchange for the acquisition of a fixed number of its equity shares (forward purchase contracts for the reporting entity’s shares that require physical settlement) that are accounted for under paragraphs 480-10-30-3 through 30-5, 480-10-35-3, and 480-10-45-3.

56.

Amend paragraph

815-20-25-15,

with

a

link

to

transition

paragraph

958-

805-65-1, as follows:

815-20-25-15 A forecasted transaction is eligible for designation as a hedged transaction in a cash flow hedge if all of the following additional criteria are met:

  • a.

    The forecasted transaction is specifically identified as either of the following:

    • 1.

      A single transaction

    • 2.

      A group of individual transactions that share the same risk exposure for which they are designated as being hedged. A forecasted purchase and a forecasted sale shall not both be included in the same group of individual transactions that constitute the hedged transaction.

  • b.

    The occurrence of the forecasted transaction is probable.

93

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