On August 5, the FASB issued ASU No. 2014-13. The approach would permit the parent company of a consolidated CFE to measure the CFE’s financial assets and financial liabilities based on the more observable of the fair value of the financial assets and the fair value of the financial liabilities.
The Board decided to issue a proposed Accounting Standards Update to solicit public comment on the remaining tentative decisions for Investment Companies—Disclosures about Investments in Another Investment Company.
This edition of Defining Issues reports that at its July 30 meeting, the FASB continued redeliberations on its proposed Accounting Standards Update on financial instruments classification and measurement and made decisions on accounting for equity investments and disclosures for core deposits.