On October 8, 2014, the Financial Accounting Standards Board (FASB) announced a new project to revise specific elements in ASC 718. It will be the first major series of revisions to ASC 718 since the inception of the guidance 10 years ago.
This Equity Methods Issue Brief will detail the potential ramifications of the proposed changes should they be adopted. Some changes are aimed at simplifying the accounting, while others seek to address perceived conceptual flaws. One proposed change - the elimination of the APIC pool framework - would revloutionize income tax accounting for share-based payment awards.
