FASB: Decisions on financial instruments standards | KPMG | GLOBAL

FASB: Decisions on financial instruments standards

FASB: Decisions on financial instruments standards

The FASB reached decisions on the financial instruments standards related to the accounting for troubled debt restructurings, impairment of available-for-sale debt securities, and the effective dates for the impairment and classification and measurement standards.


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The FASB will meet before year-end to discuss the remaining impairment issues and cost-benefit considerations, and intends to issue a final impairment standard in the first quarter of 2016. The FASB plans to issue a final classification and measurement standard in 2015.


Read a November 2015 report prepared by KPMG LLP: Defining Issues: FASB Nears Completion of Financial Instruments Standards

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