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FASB Wants Comment on Financial Instruments

Tammy Whitehouse | January 22, 2015

The Financial Accounting Standards Board plans to ask for public comment on one final aspect of its standard for financial instrument classification and measurement focused on how entities should disclose hybrid financial instruments containing embedded derivatives that are separately recognized.

FASB is inclined to require companies to disclose the carrying amount, measurement attribute, and line item within the financial statements where such derivatives and related host contracts are presented, but the board wants to seek feedback on that idea before baking it into a final standard. FASB plans to get a proposal out as soon as possible so the comment period can be wrapped up by April 20.

Meanwhile FASB wrapped up the key decisions on other aspects of the standard for how to...

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