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FASB disposal reporting: how to determine strategic shifts

Jay Harrison, Deloitte’s leader of advisory in audit, Hong Kong, explains how treasurers determine what a “strategic” business shift is under the new FASB rules.
FASB disposal reporting: how to determine strategic shifts


The Financial Accounting Standard Board
announced on April 10 new standards on publicly reporting any “strategic” changes specifically relating to discontinued or disposed-of operations. In the past, companies were required to report all changes of that nature. As CT reported last week, although this accounting switch should save on paperwork, deciphering what “strategic” means is a little more complex.

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