Industry Insights

FASB Simplifies Fair Value Disclosures

May 2015

On May 1, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-07, Fair Value Measurement (Topic 820):  Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent). The ASU amends generally accepted accounting principles so that entities measuring investments using the net asset value practical expedient no longer would have to categorize those investments in the fair value hierarchy. Instead, entities would disclose the amount of such investments as a reconciling item between the balance sheet and fair value hierarchy table.


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