United States

Applying the FASB Proposed Model for Classification and Measurement of Financial Instruments

Apr 05, 2013
From the Financial Reporting View and the IFRS Institute

This Issues In-Depth provides detailed information about the key features and potential conceptual and application issues with the FASB’s proposed Accounting Standards Update (ASU) that would change how entities determine the classification and measurement of financial instruments. The proposed ASU is part of the FASB’s overall financial instruments project, which the Board decided to divide into three separate projects. All entities that hold financial assets, not just those in financial services, need to carefully analyze the proposed ASU and consider its potential effects based on their specific facts and circumstances. The comment period ends May 15, 2013.

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