This webcast provides an overview of the revised FASB proposal on financial instruments classification and measurement which is open for public comment until May 15, 2013.
The FASB recently issued its revised proposal on financial instruments classification and measurement for public comment by May 15, 2013. Classification and measurement is one part of the FASB and IASB’s broader financial instruments project, along with impairment and hedge accounting.
This proposal reflects a significant change in course by the FASB from its May 2010 proposal. At a high level, the proposal may not appear to be a significant departure from today's accounting; however, the underlying application is vastly different and in many cases can lead to conclusions that diverge from today.
While certain financial institutions such as retail and commercial banks and insurance companies are likely to be most affected by this proposal, other companies with large investment portfolios that are not currently measured at fair value through net income may also be significantly impacted.
On this webcast, we:
We look forward to having you attend.
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