Accounting for Transfers of Financial Assets—an amendment of FASB Statement No. 140

Status

Issued:
June 2009

Effective Date:As of the beginning of each reporting entity’s first annual reporting period beginning after November 15, 2009, for interim periods within that first annual reporting period, and for interim and annual reporting periods thereafter

Affects:
Amends FAS 140, paragraphs 2, 4 through 7, 9, 11, 12, 13, 13A, 14, 17, 27, 28, 29, 30, 32, 33, 47 through 49, 51, 53, 54, 55, 56 through 58, 60 through 65, 73 through 76, 78, 80 through 90, 92, 93, 97 through 100, 103, 104, 106, 112, 113, and 364 and footnotes 7 and 22
Adds FAS 140, paragraphs 7A through 7C, 8A, 8B, 10A, 11A, 16B through 16E, 26A through 26H, 27A, 27B, 29A, 46A, 54A, and 55A
Deletes FAS 140, paragraphs 8, 34 through 46, 59, 66, 67, 71, 72, 79, and 342 through 349A and footnotes 5a, 10, 15, 16, 17, and 33 through 36
Replaces FAS 140, paragraphs 10, 16A, 50, and 52 and footnotes 3, 6, 9, and 9a
Amends FAS 65, paragraph 6
Deletes FAS 155, paragraph 3
Amends FAS 156, paragraphs 2, 3(b), 3(d), and 3(g)
Deletes FAS 156, paragraphs 3(e) and 3(m)
Amends FAS 157, footnote 2
Deletes FIN 46(R), paragraphs 4(c) and 4(d) and footnote 27
Amends FTB 87-3, paragraph 9
Supersedes FSP FAS 140-2
Supersedes FSP FAS 140-4/FIN 46(R)-8

Affected by:
No other pronouncements

Affects:
Nullifies EITF Issue No. 02-12 and Topic No. D-66
Modifies EITF Issues No. 99-20 and 02-9 and Topic No. D-51

Interpreted by:
No EITF Issues

Related Issues:
EITF Issues No. 84-5, 84-20, 85-25, 85-40, 86-36, 87-18, 87-30, 88-20, 88-22, 89-2, 90-18 92-2, 96-10, 96-19, 97-3, 98-8, 98-14, 98-15, and 99-8, and Topics No. D-65 and D-69


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