Fair value option considerations: A guide for not-for-profit organizations

PricewaterhouseCoopers is pleased to bring you Fair value option considerations: A guide for not-for-profit organizations. Issued in February 2007, FASB Statement No. 159 (FAS 159), The Fair Value Option for Financial Assets and Financial Liabilities, expands the ability to select fair value as the basis of measurement for certain financial assets and liabilities, referred to as the fair value option (FVO). This guide looks at accounts typically found in the financial statements of not-for-profit organizations (including healthcare, higher education and other not-for-profits) and discusses some of the pros and cons of making FVO elections under FAS 159.