A new disclosure of information about capital structure required on nonpublic companies.(Accounting & Auditing Update)

Ohio CPA Journal, The, October, 1997 by Law, David B.; Meeting, David T.

Statement of Financial Accounting Standards (SFAS) No. 129, 'Disclosure of Information about Capital Structure,' was released by the Financial Accounting Standards Board (FASB) in February, 1997. Upon examination, the statement appears to be an almost unintended side effect of the FASB's attempts to simplify earnings per share calculations, previously governed by Accounting Principle Board (APB) Opinion No. 15. This Opinion also contained disclosure requirements that did not relate necessarily to the calculation of earnings per share but that required the provision of some useful information about securities that was not required elsewhere. (Reprinted by permission of the publisher.)

The Board solved this problem by incorporating those requirements and related disclosure...

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