1. Send comments or questions.
  2. Full Name*
    Please enter your full name.
  3. Company*
    Please enter your company
  4. E-mail*
    Invalid email address.
  5. Phone #
    Invalid Input
  6. Subject*
    Please make a selection
    Invalid Input
  8. *
    Just a simple security measure to prove you are a human.
  9. * = Required

FAS 159: Deal or No Deal?

April 17, 2007
James V. Lorentsen

Editor’s Note: Many of you have received emails from us in the past week or two on the topic of SFAS No. 159 (hereafter ‘FAS 159’). Most have also undoubtedly been inundated with articles and reports on this new accounting standard. Given that, this article does not provide significant details regarding its basic mechanics. Rather, it discusses some of the nuances associated with early implementation of this standard. We delayed sending this out while we waited for some additional clarity from some or all the interested parties (e.g. FASB, SEC, big accounting firms). Unfortunately, not much additional clarity ever came. Since there is little time before the early adoption deadline, we decided to send out what we do know to date.

View Full Article