Exam Alert: FASB requires additional accounting disclosures

The Financial Accounting Standards Board (FASB) has announced new standards regarding fair value measurements and disclosure requirements. These changes Continue reading

The Financial Accounting Standards Board (FASB) has announced new standards regarding fair value measurements and disclosure requirements.  These changes will take effect December 15, 2011.  The disclosure requirements include needing to disclose certain information on the valuation of Level 3 assets, nonfinancial assets, and items that are not measured at a fair value. Relevant to the FINRA Series 24, Series 7 and Series 62 exams.

Source: Accounting Standards Update No. 2011-04

Highlights: Fair Value Accounting: Five New Disclosure Requirements

Podcast: May 2011, FASB Board Member Russ Golden discusses FASB Accounting Standards Update No. 2011-04

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