Treasury joins critics of FASB's proposed derivatives rules
- The FASB's new standard on derivative financial instruments. Williams, Jan R.; Eaton, Tim V. // CPA Journal;Oct95, Vol. 65 Issue 10, p34
Discusses the latest statement from the Financial Accounting Standards Board (FASB) on derivatives. Statement Financial Accounting Standards No. 1190; Disclosure requirements; Option-type derivatives; Forward-type derivatives. INSETS: Examples of footnote disclosure.;SFAS no. 119 checklist..
- New accounting rules may deter derivative use. Baird, Kristen // Crain's Cleveland Business;08/25/97, Vol. 18 Issue 34, p21
Reports on the efforts the Financial Accounting Standards Board to adopt rules on accounting for derivatives securities, making reference to they effect on the job of Eric Falkenstein in interest rate risk management for KeyCorp. Use of derivatives by companies to hedge against various risks;...
- Accounting proposal may influence hedging strategies. Sworobuk, Marti // America's Community Banker;Sep96, Vol. 5 Issue 9, p23
Reports on the proposed rules of the United States-based Financial Accounting Standards Board regarding derivative securities. Market-value balance sheet recognition; Rule for derivatives used as hedge; Determination of a hedge transaction.
- FASB expected to propose relaxing its controversial derivatives reporting plan. de Senerpont Domis, Olaf // American Banker;6/3/1997, Vol. 162 Issue 105, p2
Reports on the Financial Accounting Standards Board's (FASB) proposal to relax one of the more controversial provisions in its derivatives accounting plan. Banks' ability to defer reporting unrealistic gains and losses in the value of some derivatives contracts used in hedging; Criticism on the...
- Lawmakers ask FASB to postpone derivatives plan. de Senerpont Domis, Olaf // American Banker;10/9/1997, Vol. 162 Issue 195, p2
Reports that some members of the US House Banking Committee have asked the Financial Accounting Standards Board (FASB) to postpone its derivatives accounting proposal. Concerns that reporting derivatives at fair market value on quarterly income statements would distort earnings, discourage...
- FASB orders market-value accounting of derivatives. Seiberg, Jaret // American Banker;6/2/1998, Vol. 163 Issue 103, p1
Reports that on Monday June 1, 1998, the Financial Accounting Standards Board (FASB) issued a mandate requesting companies to report the market value of derivatives on financial statements. Circumstances surrounding this action taken by the FASB; Response of banks and investment firms to the...
- Finding consistency in derivative accounting. // Practical Accountant;Jan97, Vol. 30 Issue 1, p51
Reports the existence of consistency in the accounting for the surveyed instruments used in risk management according to the result of a survey requested by the Financial Accounting Standards Board. Matching of the accounting of derivative instruments with the economics of the transactions;...
- FASB chief shrugs off criticism of new rule at Senate hearing. Reynolds, Katherine M. // Bond Buyer;10/13/97, Vol. 322 Issue 30250, p30
Reports on Financial Accounting Standards Board chairman Edmund Jenkins' reactions to arguments at a Senate hearing in October 1997 over the agency's proposed derivatives accounting rule. Senators supporting the rule; Representative Richard Baker's plan to sponsor a bill to countermand the rule;...
- New derivatives accounting rules may require changes in hedging. Allen, James C. // American Banker;1/24/1996, Vol. 161 Issue 15, p20
Focuses on the US Financial Accounting Standards Board's accounting proposals for derivatives transactions. Efforts to improve derivatives disclosure; Forecasted transactions.