Beresford, Dennis R.; Neary, Robert D.
June 1986
FE: The Magazine for Financial Executives;Jun1986, Vol. 2 Issue 6, p6
Trade Publication
Reports that a request that the Financial Accounting Standard Board (FASB) begin a project on the accounting for financial assets is the subject of a letter from A. Clarence Sampson, the U.S. Securities and Exchange Commission's Chief Accountant, to Donald J. Kirk, the Chairman of the FASB. Need to determine most appropriate measurement basis for financial instruments; Distinction between "trading activities" and "investment activities"; Use of the of historical cost in accounting and reporting.


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