FASB proposes financial instruments classification, measurement framework

02/14/2013 | JournalofAccountancy.com

The Financial Accounting Standards Board on Thursday issued a revised proposal that aims to simplify classification and measurement of financial instruments. The proposal would narrow the availability of the existing fair value option for financial assets and liabilities. Classification and measurement would be based on an asset's cash flow characteristics and the entity's business model for managing the asset, FASB said.

View Full Article in:


Published in Briefs: