Investment Companies, Investment Properties, Subject of FASB Proposals

The FASB released two proposals (more formally, Exposure Drafts of proposed Accounting Standards Updates) on Friday, relating to investment companies and investment properties, respectively.

See:

• Proposed ASU: Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements (see related press release), and


• Proposed ASU: Real Estate—Investment Property Entities (Topic 973) (see related press release).

The comment period ends on Jan. 5, 2012 for both proposals.