New Fair Value Disclosures: Observations From the First Quarter

The first quarter of 2012 was the first quarter public companies were required to comply with Accounting Standards Update (ASU) No. 2011-04, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” This standard brought forward a host of newly required disclosures for fair value measurement.