Heads Up: FASB Proposes Scope Clarification of Offsetting Disclosures
Volume 19, Issue 30
This Heads Up discusses the FASB’s recently issued Proposed Accounting Standards Update (ASU) Clarifying the Scope of Disclosures About Offsetting Assets and Liabilities. The proposed ASU specifies which instruments and transactions would be subject to the disclosure requirements under FASB Accounting Standards Update No. 2011-11, Disclosures About Offsetting Assets and Liabilities, for financial assets and liabilities that are offset in the statement of financial position or subject to master netting arrangements or similar agreements.
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