FASB Standard Provides Enhanced Guidance for Measuring Fair Value
Date: September 8, 2008
On September 15, 2006, FASB issued a standard that provides enhanced guidance for using fair value to measure assets and liabilities. Statement of Financial Accounting Standards No. 157, Fair Value Measurements, is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Early adoption is permitted. For more information visit http://www.fasb.org/st/index.shtml.
Source: Financial Accounting Standards Board
