Financial Reporting


FINANCIAL REPORTING
FASB’s Emerging Issues Task Force issued a draft abstract intended to improve the comparability of earnings per unit calculations for master limited partnerships. The abstract addresses how current-period earnings of a master limited partnership should be allocated to general partners, limited partners, and, when applicable, incentive distribution rights, when applying EITF Issue no. 07-4, Application of the Two-Class Method Under FASB Statement No. 128, Earnings per Share, to Master Limited Partnerships.

Comments on the abstract were due Feb. 8 and are scheduled to be considered by the task force at its meeting March 12–13. The draft is available at www.fasb.org/eitf/0704DA2.pdf.

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.