Disclosures about Fair Value of Financial Instruments

Status

Issued: December 1991

Effective Date:

For fiscal years ending after December 15, 1992

Affects:

Amends FAS 105, paragraph 6 and footnotes 2 and 3

Affected by:

Paragraph 4 deleted by FAS 133, paragraph 531(a)

Paragraphs 5 and 6 deleted by FAS 157, paragraphs E14(a) and E14(b), respectively

Paragraph 7 amended by FAS 126, paragraph 5, and FSP FAS 107-1/APB 28-1, paragraph A1(a)

Paragraph 8 amended by FAS 160, paragraph C2

Paragraph 8(a) amended by FAS 112, paragraph 11; FAS 123, paragraph 389; and FAS 123(R), paragraph D4

Paragraph 8(b) replaced by FAS 125, paragraph 240(a), and FAS 140, paragraph 361(a)

Paragraph 8(c) amended by FAS 163, paragraph C2

Paragraph 9 amended by FAS 157, paragraph E14(c)

Paragraph 10 amended by FAS 119, paragraph 15(c); FAS 133, paragraphs 531(b) and 531(c);

FAS 157, paragraph E14(d); and FSP FAS 107-1/APB 28-1, paragraph A1(b)

Paragraphs 11 and 18 through 29 deleted by FAS 157, paragraphs E14(e) and E14(f) respectively

Paragraph added after paragraph 13 by FAS 119, paragraph 15(d), and replaced by FAS 133, paragraph 531(c)

Paragraphs 15A through 15D added by FAS 133, paragraph 531(d)

Paragraph 15A amended by FAS 161, paragraph 5

Paragraph 28 amended by FAS 125, paragraph 240(b), and FAS 140, paragraph 361(b)

Paragraph 30 amended by FAS 157, paragraph E14(g)

Paragraph 31 amended by FAS 133, paragraph 531(e), and FAS 157, paragraph E14(h)

Other Interpretive Pronouncement:

FIN 45

Other Interpretive Releases:

FASB Special Report, Illustrations of Financial Instrument Disclosures( Nullified by FAS 133)

FASB Staff Position SOP 94-6-1

FASB Staff Position FAS 107-1/APB 28-1

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncement:

SOP 01-6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:

No EITF Issues

Interpreted by:

Paragraph 10 interpreted by EITF Topic No. D-69

Paragraph 16 interpreted by EITF Topic No. D-29

Related Issues:

EITF Issues No. 02-3 and 08-5

__________________________
^‡Note: Amendments as a result of the issuance of FAS 163 are effective for financial statements issued for fiscal years beginning after 12/15/08 and interim periods within those fiscal years.

 

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