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Heads Up: FASB Simplifies Accounting for Hybrid Financial Instruments

To B(ifurcate) or Not To B – That Is Your Option


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Vol. 13, Issue 1

Last week, the FASB issued Statement No. 155, Accounting for Certain Hybrid Financial Instruments, an amendment of FASB Statements No. 133 and 140.  Key concepts in Statement 155 are summarized below.  Additional information, in question and answer format, is included in the Appendix.

See Question 1 in the Appendix for a brief explanation of hybrid financial instruments and their current accounting treatment under Statement 133.

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 on  Deloitte Accounting Research Tool (DART) . DART, 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), SEC, International Accounting Standards Board (IASB) and our own accounting manual and interpretative accounting guidance. Updated every business day, DART has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. DART subscribers receive periodic emails highlighting recent additions to the DART library.  Read more about DART.

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