New guidance on SFAS 115. (accounting for debt and equity securities)

Ohio CPA Journal, The, April, 1997 by Borgia, Carl

In November 1995, the Financial Accounting Standards Board (FASB) published 'Special Report: A Guide to Implementation of Statement 115 on Accounting for Certain Investments in Debt and Equity Securities' This Report answers the most frequently asked questions on implementing 'Statement of Financial Accounting Standards (SFAS) No. 115,' "Accounting for Certain Investments in Debt and Equity Securities." It contains two appendices that reproduce previous guidance on SFAS 115 published by the FASB, the Emerging Issues Task Force, the Securities and Exchange Commission, and the American Institute of CPAs. In part, these publications form the basis for the 'Special Report.' (Reprinted by permission of the publisher.)

The Report provides guidance on six major issues. These issues...

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