Heads Up: Update on FASB's Project on Accounting for Financial Instruments
Volume 19, Issue 1
This Heads Up gives an update on the FASB’s financial instruments project as of January 3, 2012. Specifically, this publication discusses the FASB’s continued progress on developing its proposals on (1) the classification and measurement of financial assets and financial liabilities, (2) the accounting for impairment of financial assets, (3) hedge accounting, and (4) disclosures about liquidity and interest rate risk related to financial instruments.
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