Heads Up: IASB Issues ED and FASB Deliberates Classification and Measurement Requirements for Financial Assets and LiabilitiesVolume 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.
Read more in the file attached below or visit the Heads Up Archive for past issues.
Heads Up and other information on accounting and financial disclosure also can be found in the Technical Library: The Deloitte Accounting Research Tool. Technical Library, a subscription-based research tool, includes material from the the Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), AICPA, Securities and Exchange Commission (SEC) and International Accounting Standards Board (IASB), in addition to our own accounting manual and interpretative accounting guidance. Updated every business day, the Technical Library has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. Additionally, Technical Library subscribers receive periodic e-mails highlighting recent additions to the Technical Library.
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