FASB convergence on embedded derivatives

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21 Feb 2006

The US Financial Accounting Standards Board has issued Statement of Financial Accounting Standard No.

155 Accounting for Certain Hybrid Instruments that allows financial instruments with embedded derivatives to be accounted for as a whole at fair value through profit and loss. This option eliminates the need to separate the derivative from its host contract. A similar accounting option was added to IAS 39 as part of the Fair Value Option Amendments to IAS 39 in June 2005. FASB currently has on its agenda a separate project to consider the other aspects of the IAS 39 fair value option. Click for:

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