Heads Up on FASB's proposed guidance on fair value measurement and disclosure

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30 Jun 2010

On 29 June 2010, the FASB issued a proposed Accounting Standards Update (ASU), Fair Value Measurements and Disclosures (Topic 820): Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.

The proposed ASU is the result of a joint project between the FASB and IASB (the boards) to develop a single, converged fair value framework. Deloitte (United States) has issued a Heads Up Newsletter (PDF 122k) that provides an analysis of the key provisions of FASB's proposals on fair value and measurement that includes:
  • Summary of notable provisions.
  • Highest-and-Best-Use and Valuation-Premise concepts.
  • Measuring the fair value of financial instruments that are managed within a portfolio.
  • Other key proposals.
  • Disclosures.
  • Convergence with IFRSs.


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