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FASB 159: Allows A Fair Value Option For Most Financial Assets and Liabilities, By Deloitte

[print version]

What Are My Options?
The FASB Allows a Fair Value Option for Most Financial Assets and Liabilities

The attached issue of Heads Up, published by the National Office Accounting Standards and Communications Group of Deloitte & Touche LLP, summarizes FASB Statement No. 159, The Fair Value Option for Financial Assets and Financial Liabilities.  Statement 159 offers an irrevocable option to carry the vast majority of financial assets and liabilities at fair value, with changes in fair value recorded in earnings.

[print version] *



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