FASB Proposes Improving Accounting for Repo Agreements
The proposed Accounting S tandards 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.
All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.