Emerging Issues Task Force - EITF

A A A

DEFINITION

An organization formed in 1984 by the Financial Accounting Standards Board (FASB) to provide assistance with timely financial reporting. The EITF holds public meetings in order to identify and resolve accounting issues occurring in the financial world.

INVESTOPEDIA EXPLAINS

This group consists mainly of accountants from large public firms, but it also includes the chief accountant of the SEC on its board. The main purpose of the task force is to identify emerging issues and resolve them with a uniform set of practices before divergent methods arise and become widespread.


RELATED TERMS
  1. Financial Accounting Standards ...

    A seven-member independent board consisting of accounting professionals who ...
  2. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities markets ...
  3. Accountant

    A professional person who performs accounting functions such as audits or financial ...
  4. Generally Accepted Accounting Principles ...

    The common set of accounting principles, standards and procedures that companies ...
  5. Earnings Per Share - EPS

    The portion of a company's profit allocated to each outstanding share of common ...
  6. Billing Cycle

    The interval of time during which bills are prepared for goods and services ...
  7. Amortization

    1. The paying off of debt in regular installments over a period of time. 2. ...
  8. Price-To-Cash-Flow Ratio

    The ratio of a stock’s price to its cash flow per share. The price-to-cash-flow ...
  9. Contra Liability Account

    A liability account that is debited in order to offset a credit to another liability ...
  10. Asset Turnover Ratio

    The amount of sales generated for every dollar's worth of assets. It is calculated ...
Related Articles
  1. What is the difference between IAS and ...
    Investing

    What is the difference between IAS and ...

  2. Top 4 Most Competitive Financial Careers
    Professionals

    Top 4 Most Competitive Financial Careers

  3. Operating Profit
    Investing

    Operating Profit

  4. Current Assets
    Investing Basics

    Current Assets

  5. Learn How To Invest Defensively From ...
    Investing News

    Learn How To Invest Defensively From ...

  6. Retirement Plans From Around The World
    Retirement

    Retirement Plans From Around The World

  7. Cost of Equity
    Investing Basics

    Cost of Equity

  8. Float
    Investing Basics

    Float

  9. Inventory: FIFO, LIFO
    Fundamental Analysis

    Inventory: FIFO, LIFO

  10. Getting Acquainted With Treasury Stock
    Stock Analysis

    Getting Acquainted With Treasury Stock

comments powered by Disqus
Hot Definitions
  1. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  2. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  3. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  4. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
  5. Balanced Investment Strategy

    A portfolio allocation and management method aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.
  6. Negative Carry

    A situation in which the cost of holding a security exceeds the yield earned. A negative carry situation is typically undesirable because it means the investor is losing money. An investor might, however, achieve a positive after-tax yield on a negative carry trade if the investment comes with tax advantages, as might be the case with a bond whose interest payments were nontaxable.
Trading Center