Heads Up: IASB Issues ED and FASB Deliberates Classification and Measurement Requirements for Financial Assets and Liabilities
Volume 16, Issue 26
The attached issue of Heads Up discusses the FASB and IASB joint project on the classification and measurement of financial assets and financial liabilities. On July 14, 2009, the IASB issued an Exposure Draft (ED), Financial Instruments: Classification and Measurement, which proposes a new classification and measurement model for financial assets and financial liabilities. Concurrently with the issuance of the IASB’s ED, the FASB met on July 15, 2009, to begin its deliberations on the project. The FASB expects to issue its own ED on classification and measurement of financial instruments in late August 2009.
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