FASB Issues Standard Clarifying Fair Value Requirements

FASB Issues Standard Clarifying Fair Value Requirements

Accounting Standards Update No. 2013-03 clarifies that the requirement to disclose the level of fair value (Level 1, 2, or 3) does not apply to private companies and nonprofits for items that are not measured at fair value in the statement of financial position, but for which fair value is disclosed in the footnotes. See full article here.

 

By |June 17th, 2013|Categories: Accounting & Bookkeeping, Nonprofit Organizations|Tags: , , , |Comments Off on FASB Issues Standard Clarifying Fair Value Requirements

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