SFAS No. 150: accounting for financial instruments with liabilities and equities characteristics: what will the AICPA come up with next—and what does it all mean to you! RMA's ongoing series looks at implications for bankers

RMA Journal, The, Feb, 2004 by Alan Reinstein

Note

On October 21, 2003, the FASB announced delays in enacting certain provisions of SFAS No. 150. Bankers still should prepare now to implement its provisions. As mentioned, the goal is increased disclosures and more consistent reporting among firms that issue instruments with both debt and equity features.

Contact Reinstein by e-mail at a.reinstein@wayne.edu.

Alan Reinstein, CPA, DBA, is George R. Husband Professor of Accounting at the School of Business, Wayne State University, Detroit, Michigan.