Heads Up: FASB Amends Guidance on Effective Control in Repurchase AgreementsVolume 18, Issue 11 |
The attached issue of Heads Up discusses FASB Accounting Standards Update No. 2011-03, Reconsideration of Effective Control for Repurchase Agreements. The ASU eliminates from U.S. GAAP the requirement for entities to consider whether a transferor (i.e., seller) has the ability to repurchase the financial assets in a repurchase agreement.
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 Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and International Accounting Standards Board (IASB), in addition to our own accounting manual and interpretive 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.
Stay Updated
Subscribe to receive Deloitte's Heads Up newsletters:
Heads Up
(94.55 KB)
