Capital Markets Accounting Developments Advisory 2008-11
June 2008
At a glance
On July 30, 2008, the Financial Accounting Standards Board ("FASB" or "the Board") held a Board meeting regarding FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities ("FAS 140"), and FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities ("FIN 46R"), in connection with its projects to amend the standards.
July 30, 2008 FASB board meeting on FAS 140 and FIN 46(R) Amendments: Effective date and disclosures
On July 30, 2008, the Financial Accounting Standards Board ("FASB" or "the Board") held a Board meeting regarding FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities ("FAS 140"), and FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities ("FIN 46R"), in connection with its projects to amend the standards.
Refer to Capital Markets Accounting Developments Advisories ("CMADA") 2008-5, 2008-6, and 2008-7 for additional background on the Board's previous deliberations and decisions on these topics.