United States

FASB Issues Guidance to Exclude Certain Investments from Fair Value Hierarchy

May 06, 2015
From the Financial Reporting View

This edition of Defining Issues reports that the FASB recently issued an Accounting Standards Update (ASU) that will eliminate the requirement to categorize investments in the fair value hierarchy if their fair value is measured at net asset value per share (or its equivalent) using the practical expedient in the FASB’s fair value measurement guidance. This ASU is a Consensus of the FASB’s Emerging Issues Task Force (EITF).

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