FASB's Valuation Resource Group: Highlights of April 2010 Meeting

The FASB continues to assess whether and to what extent additional and more specific valuation guidance is needed for financial reporting purposes beyond the guidance provided in ASC 820, Fair Value Measurements and Disclosures. As part of that effort, the FASB's Valuation Resource Group (VRG), a non-authoritative advisory group to the FASB and its staff, meets periodically to discuss matters involving valuation issues and advise the FASB accordingly.

At its April 12 meeting, the VRG's discussions focused on:

  • The FASB/IASB joint project on fair value measurement and disclosure
  • The FASB's project on investment properties
  • The measurement of reacquired rights
  • The fair value measurement of accounts receivable, accounts payable, and other accrued liabilities. This DataLine summarizes the VRG's discussion of each topic.