FASB Updates Q&A For Statement 140

Heffes, Ellen M.
May 2001
Financial Executive;May2001, Vol. 17 Issue 3, p59
Academic Journal
The article discusses the Financial Accounting Standards Board's FASB Statement No. 140, "Accounting for Transfers and Servicing of Financial and Extinguishments of Liabilities." The statement's frequently asked questions has been updated. Halsey G. Bullen, the senior project manager says that the updated questions are more focused on the varying effects of different call options on sale treatment as well as the application of expected cash flow techniques to fair value measurement on retained interests in securitizations.


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