On the Horizon

Statement of Cash Flows: Restricted Cash (a Consensus of the FASB Emerging Issues Task Force)


The new guidance improves the presentation of changes in restricted cash or restricted cash equivalents in the statement of cash flows.

The amendments in this Update are effective for public companies for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other organizations, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019.

More information can be found on the project page.


Compensation—Retirement Benefits: Improving the Presentation of Net Periodic Cost and Net Periodic Postretirement Benefit Cost


The new guidance improves the presentation of net periodic pension cost and net periodic postretirement benefit cost.

The amendments in Update 2017-07 are effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those annual periods. For other organizations, the amendments in this Update are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019.
Early adoption is permitted, but should be within the first interim period if an employer issues interim financial statements.

More information can be found on the project page.


Not-for-Profit Entities—Consolidation: Clarifying When a Not-for-Profit Entity That Is a General Partner or a Limited Partner Should Consolidate a for-Profit Limited Partnership or Similar Entity


The new guidance amends the consolidation guidance in Subtopic 958-810, Not-for-Profit Entities—Consolidation, to clarify when a not-for-profit that is a general partner or a limited partner should consolidate a for-profit limited partnership or similar legal entity.

The new guidance is effective for not-for-profits for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017.

Early adoption is permitted, including adoption in an interim period. If a not-for-profit early adopts the new guidance in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period.

More information can be found on the project page.