FASB Changes Accounting For Repurchase Agreements (Repos)
FASB Changes Accounting For Repurchase Agreements (Repos)May 4, 2011FEI Summary
On April 29, 2011 the Financial Accounting Standards Board released Accounting Standards Update (ASU) No. 2011-03, Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements. As described in FASB’s press release, the ASU amends the accounting for repurchase agreements (repos).
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