Heads Up: Vol. 12, Issue 10
Revised FASB Standard on Fair Value Measurements and Proposed FSP Postpones P&L for Certain Derivative Transactions
This issue of Heads Up summarizes two recent FASB releases: a Working Draft of a new FASB Statement of Financial Accounting Standards, Fair Value Measurements , and a Proposed FASB Staff Position (FSP) that would prohibit initial recognition of dealer profit on certain complex derivative transactions.
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