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FSP FAS 157-3 – Determining the Fair Value of a Financial Asset when the Market for that Asset is Not Active
This FSP was issued in October, 2008 and was effective upon issuance. Revisions resulting from a change in the valuation technique or its application shall be accounted for as a change in accounting … more →
Accountinghowto's Weblog
FSP FAS 157-3 – Determining the Fair Value of a Financial Asset when the Market for that Asset is Not Active
accountinghowto wrote 10 months ago: This FSP was issued in October, 2008 and was effective upon issuance. Revisions resulting from a ch … more →
FSP FAS 140-4 and FIN 46(R)-8, Disclosures by Public Entities (Enterprises) about Transfers of Financial Assets and Interests in Variable Interest Entities.
accountinghowto wrote 10 months ago: This FSP was issued December 11, 2008 and is effective for the first reporting period (interim or an … more →
EITF 08-4, Transition Guidance for Conforming Changes to EITF Issues No. 98-5, “Accounting for Convertible Securities with Beneficial Conversion Features or Contingently Adjustable Conversion Ratios”.
accountinghowto wrote 11 months ago: EITF 08-4 was ratified by the Board in June of 2008 and was issued to provide transition guidance fo … more →
Proposed FSP on Discontinued Operations
accountinghowto wrote 11 months ago: A proposed staff position would require an entity to report fewer activities as discontinued operati … more →
FSP FAS 133-1 and FIN 45-4 “Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretations No. 45; and Clarification of the effective date of FASB Statement No. 161”
accountinghowto wrote 11 months ago: This new FSP is effective for financial periods ending after November 15, 2008. This would be for t … more →
Recent Happenings
accountinghowto wrote 11 months ago: I know it has been a long time since the last update, but here are the highlights. FASB ratified thr … more →
Proposed Amendment to FAS 128 – Earnings per Share
accountinghowto wrote 1 year ago: This proposed Statement is being issued as part of a joint project with the IASB to eliminate differ … more →
Proposed Statement: Accounting for Hedging Activities, an amendment of FASB 133
accountinghowto wrote 1 year ago: Scope The proposed Statement would amend FAS 133 to a) simplify accounting for hedging activitie … more →
EITF 08-03 – Accounting by Lessees for Maintenance Deposits
accountinghowto wrote 1 year ago: EITF 08-03 is effective for fiscal years beginning after December 15, 2008 and any changes are to be … more →
EITF 07-5 “Determining Whether an Instrument (or Embedded Feature) is Indexed to an Entity’s Own Stock”
accountinghowto wrote 1 year ago: EITF 07-5 is effective for fiscal years beginning after December 15, 2008, and interim periods withi … more →
FSP APB 14-1 – Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (including Partial Cash Settlement)
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accountinghowto wrote 1 year ago: Paragraph 12 of APB 14, Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants … more →
Proposed FSP ARB 43-a – Amendment of the Inventory Provisions of Chapter 4 of ARB No. 43
accountinghowto wrote 1 year ago: The purpose of Proposed FSP ARB 43-a – Amendment to the Inventory Provisions of Chapter 4 of … more →
FSP EITF 03-6-1 - Determining Whether Instruments Granted in Share-Based Payment Transaction are Participating Securities
accountinghowto wrote 1 year ago: FSP EITF 03-6-1 (FSP) is effective for fiscal years beginning after December 15, 2008 and is to be a … more →
FAS 161 – Disclosures about Derivative Instruments and Hedging Activities, an amendment to FAS 133
accountinghowto wrote 1 year ago: I didn’t think I would ever get this blog done. Some of the tables are too wide for this form … more →
Proposed Statement on Disclosure of Certain Loss Contingencies, an amendment of FASB Statements No. 5 and 141(R)
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accountinghowto wrote 1 year ago: This proposed Statement is being issued due to concerns expressed by financial statement users that … more →
FASB issues new standards and proposes others
accountinghowto wrote 1 year ago: I am really far behind in my reading and I thought I would just give you a quick update on what is g … more →
FAS 162: The Hierarchy of Generally Accepted Accounting Principles
accountinghowto wrote 1 year ago: In May, 2008, the FASB issued Statement 162 which moves the GAAP hierarchy out of the auditing stand … more →
FAS 159: The Fair Value Option for Financial Assets and Liabilities, including an amendment of FASB Statement No. 115
accountinghowto wrote 1 year ago: FAS 159 permits entities to choose to measure, at fair value and on an instrument-by-instrument basi … more →
accountinghowto wrote 1 year ago: FSP SOP 90-7-1 An Amendment of AICPA Statement of Position 90-7 The FASB approved this FSP on Apri … more →
