This Hot Topic highlights the implications of ASU 2016-18 for investment companies. The revisions change the presentation of restricted cash and restricted cash equivalents in the statement of cash flows.
Effective date: | Public business entities | All other entities |
---|---|---|
Annual periods – Fiscal years beginning after |
Dec. 15, 2017 |
Dec. 15, 2018 |
Interim periods – Fiscal years beginning after |
Dec. 15, 2017 |
Dec. 15, 2019 |
Is early adoption permitted? | Yes, including in an interim period | |
Transition method | Retrospective transition |
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