Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly
Status
Date Posted:
April 9, 2009
- Effective Date:
- Prospectively for interim and annual reporting periods ending after June 15, 2009; early adoption permitted for periods ending after March 15, 2009
- Affects:
- Amends FAS 157, paragraphs 21, 28, 30, 32, 33, A20, A34, and A35
- Adds FAS 157, paragraphs 29A through 29H and A32G
- Replaces FAS 157, paragraphs A32A through A32F and footnote 21b
- Deletes FAS 157, footnotes 21c and 21d
- Supersedes FSP FAS 157-3
- Affected by:
- No other pronouncements
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