Heads Up: FASB Simplifies Accounting for Hybrid Financial Instruments

To B(ifurcate) or Not To B – That Is Your Option

Vol. 13, Issue 1

Last week, the FASB issued Statement No. 155, Accounting for Certain Hybrid Financial Instruments, an amendment of FASB Statements No. 133 and 140.  Key concepts in Statement 155 are summarized below.  Additional information, in question and answer format, is included in the Appendix.

See Question 1 in the Appendix for a brief explanation of hybrid financial instruments and their current accounting treatment under Statement 133.

Read more in the file attached below , or visit the Heads Up Archive  for past issues.

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