Post-implementation Review of Section 3856 – AcSB

Date recorded:

At its meeting on July 17, 2018, the Board approved the issuance of narrow-scope amendments to Section 3856, Financial Instruments, subject to final drafting and a written ballot. The Board also decided that: the subsequent measurement and impairment of financial instruments will consider how the instrument was initially measured; and differences created in a related party transaction on initial measurement will be recognized in net income or equity when specific conditions are met.

Review the Executive Summary on the AcSB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.