TITLE

FASB Statement No. 166, Accounting for Transfers of Financial Assets--an amendment of FAS-140

PUB. DATE
October 2009
SOURCE
GAAP Update Service;10/30/20009, Vol. 9 Issue 20, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the issuance of the Financial Accounting Standard (FAS) Statement No. 166 "Accounting for Transfers of Financial Assets�an amendment of FAS-140" by the FAS Board (FASB) in the U.S. It states that FAS-166 amends the Statement 140 "Accounting for Transfers and Servicing of Financial Assets (FAS-140)" and removes the concept of qualifying special-purpose entity (SPE). An overview of the objectives of FAS-166 and the provisions of its amendment is presented.
ACCESSION #
44959749

 

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