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.

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BEAR MARKET is a period of falling share prices; a pessimistic state of affairs.

XU is a currency of Vietnam and South Vietnam.

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