EMERGING ISSUES TASK FORCE Definition

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EMERGING ISSUES TASK FORCE (EITF) was formed in 1984 in response to the recommendations of the FASBs task force on timely financial reporting guidance and an FASB Invitation to Comment on those recommendations. The mission of the EITF is to assist the FASB in improving financial reporting through the timely identification, discussion, and resolution of financial accounting issues within the framework of existing authoritative literature.

Learn new Accounting Terms

BALANCE SHEET GEARING is the ratio of interest-bearing debt to equity.

EQUITY CAPITAL is a form of financing where equity in a business is sold to private investors.

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