Nov 18, 2015
From the Financial Reporting View
This edition of Defining Issues reports that the FASB recently reached decisions on the financial instruments standards related to the accounting for troubled debt restructurings (TDRs), impairment of available-for-sale (AFS) debt securities, and the effective dates for the impairment and classification and measurement standards. The Board will meet before year end to discuss the remaining impairment issues and cost-benefit considerations, and intends to issue a final impairment standard in the first quarter of 2016. The Board plans to issue a final classification and measurement standard in 2015.