Skip to main content
Article thumbnail
Location of Repository

FASB Statement No. 89, Financial Reporting and Changing Prices FASB Statement No. 115, Accounting for Certain Investments in Debt and Equity Securities FASB Statement No. 130, Reporting Comprehensive Income FASB Statement No. 133, Accounting for Derivativ



Statement 115 requires that changes in the fair value of available-for-sale (AFS) securities be reported in a separate component of stockholders ' equity until realized. Statement 52 generally requires that transaction gains and losses on foreign-currencydenominated monetary assets and liabilities be reported in earnings. In the case of foreign-currency-denominated AFS debt securities, the change in fair value expressed in an entity's functional currency is the total of (1) the change in market price of the security as expressed in the local currency due to factors such as changes in interest rates and credit risk and (2) the change in the exchange rate between the local currency and the entity's functional currency. This Issue only addresses the accounting for foreigncurrency-denominated AFS debt securities. Copyright © 2006, Financial Accounting Standards Board Not for redistributio

Year: 2013
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.