Accounting for interest income associated with the purchase of callable debt securities
The objective of this project is to improve the accounting for the amortization of premiums for purchased callable debt securities.
Meeting minutes
FASB Board discussions regarding this project are found in the following meeting minutes:
- February 1, 2017 — The Board discussed feedback on its proposed ASU.
- July 27, 2016 — The Board discussed issues relating to the development of a proposed ASU, which is expected to be issued in the third quarter or early fourth quarter of 2016.
- September 16, 2015 — The Board discussed whether to amend the scope of the project to include the amortization period for purchased callable debt securities.
- March 18, 2015 — The Board decided to add this project to its agenda.
Current status
On March 30, 2017, the FASB issued ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities.
Project milestones
| Date | Developments | Comments |
|---|---|---|
| March 18, 2015 | Added to the FASB's agenda. | |
| September 22, 2016 | Proposed ASU, Premium Amortization on Purchased Callable Debt Securities | Comments due November 28, 2016. |
| March 30, 2017 | ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities |
