FASB 146 2002
Costs of "Exit or disposal activities"

• FASB press release
• FASB summary
• FASB status
• Requires companies to recognize costs of exit or disposal activities when they are incurred, rather than at the date of a commitment to an exit or disposal plan

• FASB Staff Positions - Final:

• FSP FAS 146-1 9.03.03
  Re: One-Time Termination Benefits
• Replaces EITF 94-3

Re: expenses commonly reported with exit activities and business combinations

SEC summary 2001

Matters addressed by SAB 100:

• Acquisition loss accruals acquired in business combinations
• Restructuring charges
• Asset impairments
• Inventory valuation allowances

Form 8-K Item 2.05

• 8-K filing triggered by commitment to specified exit or
  disposal plans
• 8-K definition references FASB 146 p.8

Accounting Issues