FASB Amends Derivative Definition, Statement 133

Heffes, Ellen M.
June 2002
Financial Executive;Jun2002, Vol. 18 Issue 4, p61
Academic Journal
The article reports that the Financial Accounting Standards Board (FASB) issued has an Exposure Draft for the purpose of clarifying the definition of a derivative. The Exposure Draft seeks to improve financial reporting by requiring financial contracts with comparable characteristics to be accounted for in the same manner.


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