Accounting for Certain Hybrid Financial Instruments—an amendment of FASB Statements No. 133 and 140
StatusIssued:
February 2006
Effective Date:
For all financial instruments acquired, issued, or subject to a remeasurement (new basis) event occurring after the beginning of an entity’s first fiscal year that begins after September 15, 2006
Affects:
Amends FAS 133, paragraphs 14 and 16
Amends FAS 133, by adding paragraphs 14A, 14B, 16A, 44A, 44B, and 200A through 200D
Amends FAS 140, paragraphs 35(c)(2) and 40
Affected by:
Paragraph 3 deleted by FAS 166, paragraph B4
Paragraph B1 amended by FAS 162, paragraph B6
Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:
No EITF Issues
Interpreted by:
No EITF Issues
Related Issues:
EITF Issues No. 85-9, 85-29, 86-15, 86-28, 90-19, 96-12, 97-15, 98-5, 99-20, 00-19 and 03-7
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||Note: Amendments as a result of FAS 162 are effective 60 days following the SEC’s approval of the PCAOB’s amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.
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