Wednesday, June 30, 2010
IASB propose new financial instruments disclosure requirements
The International Accounting Standards Board (IASB) has proposed further amendments to its financial instruments proposals.
The board has been attempting to improve disclosure on often difficult-to-measure “level three” assets. Level one and two assets can be valued using observable market inputs.
Level three assets, however, do not contain observable inputs and have to be measured according to a constructed model.
See full Article.