Fair-value option for financial assets and liabilities.
FASB FASB
See: Financial Accounting Standards Board
FASB
See Financial Accounting Standards Board (FASB). has issued an exposure draft to give companies the option to report selected financial assets Financial assets
Claims on real assets. and liabilities at fair value.
Under the proposal, companies would be able to measure at fair value financial assets and liabilities selected on a contract-by-contract basis. The proposal requires companies to display those values separately from those measured under different attributes on the face of the balance sheet.
For more, visit http://fasb.org/news/nr012506.shtml.
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