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.
