Posts Tagged ‘fair value’

Top 5 Questions on Fair Value Measurement under FRS 102

Companies reporting under UK GAAP are facing new regulatory requirements under FRS 102. Particularly, accounting for financial instruments is changing significantly. Starting 2016, treasuries will be audited under the standard. 1. What´s new under FRS 102? Most basic financial instruments continue to be measured at amortized cost. More complex financial derivatives such as options, forwards,…

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When Opposites Distract – FASB and IASB

When the FASB and the IASB started talking about the convergence of accounting standards back in 2006, the road map was pretty optimistic. Now the path to convergence is clearly widened further. No doubt its exposure draft issuance will coincide with the holiday period with comments due by September, so don’t forgot your laptop when your pack your suitcase.

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Much Ado About Nothing: The FASB Amends Topic 820 (FAS 157)

Nothing is ever as easy as it seems. When the FASB issued FAS 157 (now Topic 820) in September 2006, their goal seemed pretty straightforward. Several iterations and years later, the FASB continues to tinker with the standard. On January 21, 2010 the FASB issued ASU 2010-06-1 which amended Topic 820.

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CP Issuers – Beware of Re-Designation Pitfalls!

Given the extreme volatility in credit markets and the shutdown of commercial paper (CP) issuance over the last year, many CP issuers missed their forecasts, which were hedged with payer swaps. Because the shut down affected then current forecasts and called into account the ability to accurately predict when markets would thaw, many CP issuers…

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