ASU 2014-06 — Technical Corrections and Improvements Related to Glossary Terms

The amendments in this Update relate to glossary terms and cover a wide range of Topics in the Codification. The amendments in this Update represent changes to clarify the Master Glossary of the Codification, consolidate multiple instances of the same term into a single definition, or make minor improvements to the Master Glossary that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. Additionally, the amendments will make the Master Glossary easier to understand, as well as reduce the number of terms appearing in the Master Glossary.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2013-240—Technical Corrections and Improvements Related to Glossary Terms, which has been deleted.

Issued: March 14, 2014