Fair value accounting continues to be a topic of significant interest and debate. Fair value guidance is a principles-based global framework that, with few exceptions, impacts all fair value measurements in a reporting entity’s financial statements.
FASB issues classification and measurement standard, which will significantly impact accounting for equity investments.
PwC describes the FASB proposal to improve fair value disclosures. Proposed changes would affect all industries.
The FASB has decided upon the effective dates for the Financial Instruments: Classification and Measurement standard.
PwC's popular global guide to fair value measurements helps entites apply U.S. GAAP and IFRS related to fair value, ASC 820, and IFRS 13.
PwC's popular Financial statement presentation guide addresses U.S. GAAP presentation and disclosure requirements of common balance sheet and income statement accounts.
Entities no longer need to include investments valued using NAV as a practical expedient in the fair value hierarchy.
PwC discusses audit committee oversight of fair value measurement, a subjective estimate that may increase financial reporting risk.
GASB's newly released Statement No. 72 prescribes how governments should define and measure fair value.
PwC's summary of the FASB's completed deliberations on its classification and measurement project and its implications.
PwC agrees that the unit of account should be the investment as a whole.