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FASB Sets Dates for Financial Instruments Standards

Tammy Whitehouse | November 13, 2015

In addition to finalizing and setting a 2019 effective date for a new standard on leasing accounting, the Financial Accounting Standards Board has determined public companies will be required to apply new rules on classification and measurement of financial instruments beginning in 2018 and impairment of financial instruments in 2019.

FASB has wrapped up its long-running work on changes to the way companies will classify and measure financial instruments and has directed its staff to prepare the...

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