A proposed new statement, Disclosure of Certain Loss Contingencies--an amendment of FASB Statements
155, Accounting for Certain Hybrid Instruments, an amendment to FASB Statements
45, Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others--an Interpretation of FASB Statements
91, Accounting for Nonrefundable Fees and Costs Associated with Originating or Acquiring Loans and Initial Direct Costs of Leases (an amendment of FASB Statements
was the first deal structured to align with the new FASB statements
75 and Technical Corrections, change the accounting measurement and recognition requirements for pensions and other postretirement benefits under FASB Statements
Consequently, if the Commission moves forward to adopt the proposed rules for loss accrual and valuation reserves generally, we recommend that it eliminate the references to tax contingency and valuation reserves that are already governed by FASB Statements
In particular, the article addresses the application of FASB Statements
The proposed FASB Statements
, Accounting for Transfers of Financial Assets, and Amendments to FASB Interpretation No.
157 and 159, both concerning Fair Value.
Could it be almost five years since FASB sent the business world's head spinning when it simultaneously proposed FASB statements
You can find most of the authoritative guidance in FASB Statements
52, Foreign Currency Translation, for hedges of foreign currency items, and Statement 80, Accounting for Futures Contracts, for futures contracts used as hedging instruments.