ASU 2013-06 — Not-for-Profit Entities (Topic 958)

The objective of this Update is to address the diversity in practice about what guidance not-for-profit entities should apply for recognizing and measuring personnel services received from an affiliate, that is, a party that directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the recipient not-for-profit entity.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update EITF-12B—Not-for-Profit Entities (Topic 958), which has been deleted.

Issued: April 19, 2013