FASB Proposes Changes in Investment Accounting Reviewed by Momizat on . FASB Proposes Changes in Investment Accounting Michael Cohen reports at Accounting Today: The Financial Accounting Standards Board has released two proposed acc FASB Proposes Changes in Investment Accounting Michael Cohen reports at Accounting Today: The Financial Accounting Standards Board has released two proposed acc Rating:
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FASB Proposes Changes in Investment Accounting

FASB Proposes Changes in Investment Accounting

Michael Cohen reports at Accounting Today:

The Financial Accounting Standards Board has released two proposed accounting standards updates to clarify the criteria for investment company accounting and develop guidance for investment property accounting.

The proposed update for investment company accounting stems from the efforts of FASB and the International Accounting Standards Board to develop consistent criteria for determining whether an entity is an investment company. Under U.S. GAAP, investment companies carry all of their investments at fair value, even if they hold a controlling interest in another company. The primary changes proposed by FASB relate to which entities would be considered investment companies, along with certain disclosure and presentation requirements.

 

 

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