Financial Services Industry
Industry: Email Alert RSS FeedComment: Reducing Complexity in Reporting Financial Instruments
California CPA, May, 2008
FASB is Seeking comments on Reducing Complexity in Reporting Financial Instruments to simplify measurement requirements for financial instruments while providing clearer and more complete information to users.
The draft describes how current measurement requirements cause complexity, discusses ways it might be reduced in the intermediate term and suggests how using a single measurement attribute, such as fair value, could reduce complexity. The comment deadline is Sept.
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