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FASB Publishes Final Standard on Recognition and Measurement of Financial Instruments

Tammy Whitehouse | January 5, 2016

A decade in the making, public companies now have a new standard to follow to tell them how to measure and recognize the value of financial assets and financial liabilities in financial statements.

Accounting Standards Update No. 2016-01 rewrites certain requirements under the Accounting Standards Codification for how to recognize, measure, and present financial instruments in financial statements, as well as the related disclosures. In a summary of the new standard, FASB says there are a handful of significant provisions that are of greatest concern to public companies. 

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