Capital Markets Accounting Developments Advisory 2010-3

March 10, 2010
Revised disclosures about fair value measurements required beginning in 2010

The FASB recently issued Accounting Standards Update 2010-06, Improving Disclosures about Fair Value Measurements ("ASU 2010-06"), which requires a gross presentation of activities within the Level 3 roll forward, and adds a requirement for disclosure of transfers in and out of Level 1 and 2 fair value measurements.

The requirements are effective for the first interim or annual reporting period beginning after December 15, 2009. The gross presentation of the Level 3 roll forward information is required for annual and interim reporting periods beginning after December 15, 2010.