Recognition and Presentation of Other-Than-Temporary Impairments
Status
Date Posted:
April 9, 2009
- Effective Date:
- For interim and annual reporting periods ending after June 15, 2009; early adoption permitted for periods ending after March 15, 2009
Affects:- Amends APB 28, paragraph 30
- Amends FAS 60, paragraph 50
- Amends FAS 115, paragraphs 16 and 19
- Deletes FAS 115, footnote 4
- Adds FAS 115, paragraph 18A
- Amends FAS 130, paragraphs 17 and 19
- Adds FAS 130, paragraph 19A
- Adds FSP FAS 115-1/FAS 124-1, paragraphs 3A, 13A, 14A through 14G, 15A through 15E, 16A through 16C, 18A, and 18B
- Amends FSP FAS 115-1/FAS 124-1, paragraphs 4(b), 13, headings preceding paragraph 15, 16 through 18, and A2 through A4 and footnote 2
- Amends SOP 03-3, paragraphs .07, A-6, A-7(a), A-7(b), A-9(a)(1), A-9(a)(2), A-11(a)(1), and A-11(a)(2)
Affected by:- No other pronouncements
AICPA Accounting Standards Executive Committee (AcSEC) Related Pronouncement:- SOP 03-3
Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:- Modifies EITF Issue No. 99-20
Interpreted by:- No EITF Issues
Related Issues:- EITF Topic No. D-41
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides