This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Journal Entry — Fair Value Disclosure — FASB Plans to Issue ASU Deferring Certain Disclosures for Nonpublic Employee Benefit Plans

Published on: Jun 12, 2013

Today, the FASB tentatively decided to:

  • Direct its staff to prepare a final Accounting Standards Update (ASU) that would indefinitely defer the requirement for employee benefit plans within the ASU’s scope to disclose quantitative information about significant unobservable inputs used in Level 3 fair value measurements1 of certain equity investments.
  • Include the following within the scope of the ASU:
    • All employee benefit plans other than those that are subject to the filing requirements of the SEC.
    • Fair value measurements of investments in (1) nonpublic entity equity securities of a plan sponsor and (2) nonpublic entity equity securities of a plan sponsor’s affiliated entities.
  • Make the final ASU effective upon its issuance, which is expected in July.

The staff stated that it expects to deliver the draft to the FASB for its vote by formal written ballot in time for the Board’s June 26 meeting.



[1]    This requirement in ASC 820-10-50-2(bbb) currently applies to both public and nonpublic entities.

Accounting Journal Entries Image

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.