Response to the FASB exposure draft "Accounting for Certain Investments in Debt Securities"

Mary Barth; Daniel W Collins; G Michael Crooch; John A Elliott; Thomas Frecka; Eugene Imhoff; Wayne R Landsman; Charles L McDonald; D Gerald Searfoss

Response to the FASB exposure draft "Accounting for Certain Investments in Debt Securities"

Journal article

Peer reviewed

Response to the FASB exposure draft "Accounting for Certain Investments in Debt Securities"

Mary Barth, Daniel W Collins, G Michael Crooch, John A Elliott, Thomas Frecka, Eugene Imhoff, Wayne R Landsman, Charles L McDonald and D Gerald Searfoss

Accounting horizons, Vol.8(2), pp.117-119

06/01/1994

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Abstract

The FASB exposure draft "Accounting for Certain Investments in Debt Securities" covers those investments for which fair values are generally readily determinable. The Financial Accounting Standards Committee of the American Accounting Association supports the issuance of a standard that requires recognition of such investments at fair value in the financial statements. The Committee believes that there is no practical way to operationalize a distinction between debt securites held to maturity and those classified as trading securities.

Accounting

Accounting policies

Committees

Disclosure

Equity

Fair value

FASB exposure drafts

Financial restatements

Financial statements

Fiscal years

Investments

Loan impairment

Provisions

Staff accounting bulletins

Details

Title: Subtitle: Response to the FASB exposure draft "Accounting for Certain Investments in Debt Securities"
Creators: Mary Barth
Daniel W Collins
G Michael Crooch
John A Elliott
Thomas Frecka
Eugene Imhoff
Wayne R Landsman
Charles L McDonald
D Gerald Searfoss
Resource Type: Journal article
Publication Details: Accounting horizons, Vol.8(2), pp.117-119
ISSN: 0888-7993
eISSN: 1558-7975
Publisher: American Accounting Association
Language: English
Date published: 06/01/1994
Academic Unit: Accounting
Record Identifier: 9984963228002771

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