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Articles & Reports
Understanding the Issues—Credit Standing and Liability
Measurement
The FASB recognizes its responsibility to maintain a
continuing dialogue with constituents, especially when it
introduces new ideas. To judge by the comment letters, many have
interpreted Concepts Statement 7 as far more complex and difficult
than the Board intended. Others may not have accepted the rationale
behind the Board's conclusions. With that in mind, the Board and
staff have prepared a series of articles to communicate both its
rationale and its expectations for applications of Concepts
Statement 7.
This is the fourth in a series of articles that
explores the application of Concepts Statement 7. In this article,
we turn our attention to the role of an entity's credit standing in
measuring the fair value of its liabilities.
Credit Standing and Liability
Measurement
June 2001–Volume 4, Series 1
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