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FASB Coughs Up Some Guidance on Fair Value | CFO Lounge

FASB Coughs Up Some Guidance on Fair Value

Sat, Oct 11, 2008

Down to Business

FASB finally got off their asses and published some extended guidance on adoption of fair value reporting for assets for which there may not be a market. How the hell do you do that? Here is an article I caught on Bloomberg.

FASB Staff Position 157-3 addresses the following:

  • Use of cash flow assumptions
  • Broker quotes for comps
  • Other observable inputs

Good luck trying to implement…waiting to see how the Big 4 comment.

This post was written by:

Chad Cohen - who has written 51 posts on CFO Lounge.

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1 Comments For This Post

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