Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 1 - Financial Accounting and Accounting Standards - Concepts for Analysis - Instructions - Page 27: CA1-14(4)

Answer

EITF Statements- Provides guidance on how to account for new and unusual financial transactions that have the potential for creating diversity in financial reporting practices.

Work Step by Step

The Emerging Issues Task Force (EITF) was founded in 1984 by the Financial Accounting Standards Board (FSAB) with the functional role of assisting in improving financial reporting.
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