The Financial Accountant Standards Board issued a final standard aimed at improving the financial reporting of certain hybrid financial instruments by requiring more consistent accounting and eliminating exemptions.
The new standard, "Statement of Financial Accounting Standard No. 155: Accounting for Certain Hybrid Instruments," is an amendment of FASB Statements Nos. 133 and 140.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access