FASB Approves Finalization of Guidance to Assist in Transition Away From Interbank Offered Rates to New Reference Rates
November 13, 2019
November 13, 2019
NORWALK, Connecticut, Nov. 13 -- The Financial Accounting Standards Board issued the following news release:
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- Guidance to Reduce Related Cost and Complexity
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The Financial Accounting Standards Board (FASB) today approved an Accounting Standards Update (ASU) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial reporting.
. . .
* * *
- Guidance to Reduce Related Cost and Complexity
* * *
The Financial Accounting Standards Board (FASB) today approved an Accounting Standards Update (ASU) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial reporting.
. . .