Posts Tagged ‘FAS 157’

IFRS 13 for Corporates: Stuck between the Bank and a Hard Place

Corporate treasurers have faced many a regulatory challenge before, and IFRS 13 is no exception. Deploying a compliant fair value methodology under this new standard has been causing many treasurers significant angst over the last few months. They are not helped by the plethora of mixed messages, confusing guidance and inconsistent treatment from various experts…

Read More

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.

Read More