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Heads Up: FASB Issues Guidance On Measuring Fair Value of Certain Alternative Investments

Volume 16, Issue 35

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The attached issue of Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2009-12, Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). The ASU offers investors a practical expedient for measuring the fair value of investments in certain entities that calculate net asset value per share and is effective for the first reporting period (including interim periods) ending after December 15, 2009; however, early adoption is permitted.

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.