United States

Divergence Increases on Classification and Measurement of Financial Assets

Jan 31, 2014
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that, at its January 2014 meeting, the FASB decided not to continue to pursue the business model assessment on classification and measurement of financial assets. The Board also decided not to pursue an approach that focuses on the business activities that an entity uses in acquiring and managing the financial assets.

Read Defining Issues: Divergence Increases on Classification and Measurement of Financial Assets