Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

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. 


Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.