Discussion Memorandum

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Discussion Memorandum Financial Accounting Standards Board Statement of Financial Accounting Standards Alternative Accounting Treatments Accounting Standards Financial Reporting

In the USA, a Discussion Memorandum is a preliminary document published by the Financial Accounting Standards Board (FASB) before issuing a Statement of Financial Accounting Standards (SFAS). It specifies the topic under consideration, describes the alternative accounting treatments, and explains the perceived advantages and disadvantages of each treatment.