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FASB issues proposed ASU related to amortization on callable debt securities

  • FASB document Image

Sep 22, 2016

The FASB has issued a proposed Accounting Standards Update (ASU), “Premium Amortization on Purchased Callable Debt Securities.”

The proposed ASU “would shorten the amortization period for callable debt securities purchased at a premium.” Specifically, the proposal “would require the premium to be amortized to the earliest call date.” However, for securities purchased at a discount, accounting changes would not be required; rather, “the discount would continue to be amortized to maturity.”

Comments on the proposed ASU are due by November 28, 2016. For more information, see the proposed ASU on the FASB’s Web site.

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