The FASB released two proposals (more formally, Exposure Drafts of proposed Accounting Standards Updates) on Friday, relating to investment companies and investment properties, respectively.
Proposed ASU: Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements
(see related press release
Proposed ASU: Real Estate—Investment Property Entities (Topic 973) (see related press release).
The comment period ends on Jan. 5, 2012 for both proposals.