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FASB Warms Up to Amortized Cost for Bank Loans

Tammy Whitehouse | December 27, 2010

The Financial Accounting Standards Board has indicated it may answer overwhelming criticism of its proposal to require fair value measurement for all financial instruments with just what constituents have demanded.

The FASB published a highly contentious proposal for a new accounting standard to require entities to measure all financial assets and liabilities at fair value. The proposal drew heated criticism, including more than 2,800 comment letters and passionate remarks at a series of roundtables and other outreach events.

The recurring theme was an appeal to...

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