FASB proposes improvements to accounting for repurchase agreements

BVWireIssue #124-4
January 23, 2013

Last week, the Financial Accounting Standards Board (FASB) released for public comment its Proposed Accounting Standards Update, Transfers and Servicing (Topic 860)—Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings

The proposed ASU “would clarify the guidance for distinguishing these transactions as either sales or secured borrowings and improve disclosures about them,” according to the accompanying release. Stakeholders are asked to review and provide comments by March 29, 2013.

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