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FASB discusses financial instruments

  • FASB meeting Image

Dec 22, 2015

At its December 21, 2015, meeting, the FASB discussed its financial instruments projects on (1) impairment and (2) hedging. The FASB also announced that it will issue a final ASU on the recognition and measurement of financial instruments during the first week of January 2016.

Financial instruments — impairment

The FASB continued redeliberating its project on the credit impairment of financial instruments. Specifically, the Board discussed (1) accounting for purchased financial assets with credit deterioration and (2) treatment of premiums and discounts when measuring credit losses.

For more information, see the meeting minutes on the FASB’s Web site.

Financial instruments — hedging

The FASB decided not to provide private companies with further relief from hedge documentation requirements. The Board directed its staff to (1) draft a proposed ASU, (2) prepare a cost-benefit analysis for the proposed amendments, (3) develop a transition approach, and (4) recommend a comment deadline.

For more information, see the meeting minutes on the FASB’s Web site.

Financial instruments — recognition and measurement

For more information on the FASB's upcoming ASU, see the press release on the FASB's Web site.

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