By : Rick Martin | September, 15 2012
The most significant changes to fair value accounting rules since the Financial Accounts Standards Board (FASB) released SFAS No. 157 in 2006 are now fully in effect, with calendar-year companies required to comply with them for the reporting period that ended on 3/31/12. But the full impact of the amendments is still not widely understood, even by many valuation professionals. Accounting Standards Update (ASU) No. 2011-04, issued in May 2011, is more than 300 pages long and includes complex changes to how valuations must be carried out and disclosed. Click
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