Free Site Registration


Email This Article

FASB Proposes Improving Accounting for Repo Agreements

Michael Cohn / Norwalk, Conn.

The proposed Accounting Standards Update, Transfers and Servicing (Topic 860)-Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings, would clarify the guidance for distinguishing repo agreements, and other transfers with forward agreements to repurchase transferred assets, as either sales or secured borrowings, and improve disclosures about them.

Login for Registered Users:

Log in below to email an article:


Twitter
Facebook
LinkedIn
Follow Accounting Today