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FASB issues final standard on classification and measurement of financial instruments

  • FASB document Image

Jan 05, 2016

The FASB has issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities,” which contains limited amendments to the guidance in U.S. GAAP on the classification and measurement of financial instruments.

The new standard significantly revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. It also amends certain disclosure requirements associated with the fair value of financial instruments.

For more information, see Deloitte's related Heads Up newsletter and journal entry as well as the ASU, press release, and FASB in Focus newsletter on the FASB's Web site. 

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