CCH Learning Center

FASB Staff Positions (FSPs)-Selected Issues

Beginning in 2003, the FASB staff introduced the FASB Staff Position (FSP) as a mechanism through which to issue application guidance similar to that previously issued in Staff Implementation Guides and Staff Announcements.

FSPs may also be used to make narrow and limited revisions to Statements or Interpretations that would have previously been made through Technical Bulletins, such as delaying the effective date of a particular statement.

This course addresses selected FSPs that the author believes have broader appeal to the reader. Topics covered include:

• FASB No. 115, Accounting for Certain Investments in Debt and Equity Securities
• FASB No. 124, Accounting for Certain Investments Held by Not-for-Profit Organizations
• APB No. 18, The Equity Method of Accounting for Investments in Common Stock
• FSP FAS 13-1, Accounting for Rental Costs Incurred during a Construction Period
• FTB 85-4-1: Accounting for Life Settlement Contracts by Third-Party Investors