FASB declines airline settlement project

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: The Financial Accounting Standards Board on Wednesday opted not to consider a change to current accounting guidance used by airlines to account for settlement payments they receive from aircraft manufacturers to compensate them for lost revenues and/or higher costs due to planes grounded because of equipment failure. Currently Generally Accepted Accounting P ...