Financial Instruments
The objective of the joint project on accounting for financial instruments is to provide financial statement users with a more timely and representative depiction of a company, institution, or not-for-profit organization’s involvement in financial instruments, while reducing the complexity in accounting for those instruments. The Boards are conducting this project in three phases, and both have issued proposed standards on the first two phases: accounting for credit losses and recognition and measurement of financial instruments. Both Boards have proposed expected credit loss models to replace the current incurred loss model, but their proposed models differ on when those losses should be recognized. Following the conclusion of the comment period on credit losses, the Boards will determine whether there is common ground in developing a converged standard. On the issue of classification and measurement, the Boards are converged on the major decisions, and expect to deliberate during the second half of 2013. The third phase of the accounting for financial instruments project looks at hedging. The IASB issued its proposal on hedging in September 2012. The FASB is expected to begin its deliberations on hedging during the second half of 2013.
Financial Instruments
The objective of the joint project on accounting for financial instruments is to provide financial statement users with a more timely and representative depiction of a company, institution, or not-for-profit organization’s involvement in financial instruments, while reducing the complexity in accounting for those instruments. The Boards are conducting this project in three phases, and both have issued proposed standards on the first two phases: accounting for credit losses and recognition and measurement of financial instruments. Both Boards have proposed expected credit loss models to replace the current incurred loss model, but their proposed models differ on when those losses should be recognized. Following the conclusion of the comment period on credit losses, the Boards will determine whether there is common ground in developing a converged standard. On the issue of classification and measurement, the Boards are converged on the major decisions, and expect to deliberate during the second half of 2013. The third phase of the accounting for financial instruments project looks at hedging. The IASB issued its proposal on hedging in September 2012. The FASB is expected to begin its deliberations on hedging during the second half of 2013.
การแปล กรุณารอสักครู่..
![](//thimg.ilovetranslation.com/pic/loading_3.gif?v=b9814dd30c1d7c59_8619)