FASB releases standard on derivatives

FASB updates derivative accounting standards

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) aimed at refining derivative accounting practices and addressing the diversity in accounting for share-based noncash consideration.   The revisions in this update respond to feedback from stakeholders who believe that the current definition of a derivative is overly extensive and should be exempted for certain agreements.   They are applicable to all …

FASB releases standard on derivatives

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.