Financial instruments — Classification and measurement (inactive)
Background
This project is one aspect of the comprehensive Financial Instruments project, which is a joint project with the IASB. The objective of the Financial Instruments project is to improve financial instrument reporting for users of financial statements. This aspect of the comprehensive project focuses on the recognition, classification, measurement, and presentation of financial instruments.
Meeting minutes
FASB discussions on the classification and measurement project are available on the FASB's Web site.
Deloitte Observer meeting notes on the classification and measurement project are available on the Global IAS Plus Web site.
Current status of the project
The FASB made new tentative decisions related to the impairment of equity method Investments and probability thresholds in the impairment assessment.
Project milestones
| Date | Development | Comments |
|---|---|---|
| May 26, 2010 | Proposed Accounting Standards Update (ASU), Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities, is issued by the FASB. | Comment deadline September 30, 2010. |
| November 28, 2012 | Exposure Draft ED/2012/4, Classification and Measurement: Limited Amendments to IFRS 9 (proposed amendments to IFRS 9 (2010)), is issued by the IASB. | Comment deadline March 28, 2013. |
| February 14, 2013 | Proposed ASU, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, is issued by the FASB. | Comments deadline May 15, 2013. |
| April 12, 2013 | Proposed ASU, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities — proposed amendments to the FASB Accounting Standards Codification, is issued by the FASB. | Comments deadline May 15, 2013. |
| July 24, 2014 | IFRS 9, Financial Instruments, is issued by the IASB. | Effective for reporting periods beginning on or after January 1, 2018. |
