FASB Issues Proposed ASUs on Accounting for Financial Instruments and the Statement of Comprehensive Income

Published on: 26 May 2010

Today, the FASB issued two proposed Accounting Standards Updates (ASUs) that would (1) change the model of accounting for financial instruments (including classification and measurement, impairment, and hedge accounting) and (2) require the presentation of one single statement of comprehensive income, respectively. The ASUs are available on the FASB’s Web site.

Stay tuned for Deloitte Heads Up newsletters on the proposed ASUs.

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