A platform for research: civil engineering, architecture and urbanism
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Accounting Standards Codification (ASC) 825, Financial Instruments, contains two subtopics: ASC 825‐10, and ASC 825‐20, Registration Payment Arrangements, which provides guidance on financial instruments subject to registration payment arrangements. The ASC 825‐10 has two subsections: general, which provides guidance on the fair value option and some disclosures about financial instrument, and fair value option, which provides guidance on the circumstances under which entities may choose the fair value option and the related presentation and disclosure requirements (ASC 825‐10‐05‐2). The fair value option, encourages reporting entities to use fair value to measure eligible assets and liabilities in their financial statements. The objective is to improve financial reporting by mitigating the volatility in reported earnings that is caused by measuring related assets and liabilities differently. ASC 825‐10‐25 applies to businesses and not‐for‐profit organizations and provides management of these entities substantial discretion in electing to measure eligible assets and liabilities at fair value.
Accounting Standards Codification (ASC) 825, Financial Instruments, contains two subtopics: ASC 825‐10, and ASC 825‐20, Registration Payment Arrangements, which provides guidance on financial instruments subject to registration payment arrangements. The ASC 825‐10 has two subsections: general, which provides guidance on the fair value option and some disclosures about financial instrument, and fair value option, which provides guidance on the circumstances under which entities may choose the fair value option and the related presentation and disclosure requirements (ASC 825‐10‐05‐2). The fair value option, encourages reporting entities to use fair value to measure eligible assets and liabilities in their financial statements. The objective is to improve financial reporting by mitigating the volatility in reported earnings that is caused by measuring related assets and liabilities differently. ASC 825‐10‐25 applies to businesses and not‐for‐profit organizations and provides management of these entities substantial discretion in electing to measure eligible assets and liabilities at fair value.
ASC 825 Financial Instruments
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2018 ; 1071-1076
2018-03-12
6 pages
Article/Chapter (Book)
Electronic Resource
English
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