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FASB discusses improvements to guidance on financial instruments

  • FASB meeting Image

Jan 23, 2018

At its January 19, 2018, meeting, the FASB discussed comments received on its September 2017 proposed ASU, “Technical Corrections and Improvements to Recently Issued Standards: Accounting Standards Update No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.”

At this meeting, the FASB made tentative decisions related to:

  • Equity securities without a readily determinable fair value:
    • Discontinuation.
    • Adjustments.
  • Presentation requirements for certain fair value option liabilities.
  • Fair value option liabilities denominated in a foreign currency.
  • Transition guidance for equity securities without a readily determinable fair value.

For more information, see Deloitte’s related journal entry as well as the meeting minutes on the FASB’s Web site.

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