|
Early Adopters of FAS 157 Can Reap Financial Advantages
New accounting standard affects fair value measurements. A new accounting standard will ripple across the financial reporting of every company that uses fair value measurements. The standard, known as Statement of Financial Accounting Standards No. 157 (FAS 157), clarifies the concept of "fair value," establishes a framework for measuring fair value, and applies to the broad array of accounting pronouncements that incorporate fair value measurements. Download PDF
|
