WebMar 1, 2013 · The guidance, found in Accounting Standards Update (ASU) 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, narrows the scope of offsets that will require balance sheet disclosures and should quell concerns raised after FASB issued the requirements in late 2011. … WebProject Offsetting Financial Assets and Liabilities Topic Unit of account and treatment of collateral This paper has been prepared by the technical staff of the IFRS Foundation and the FASB for discussion at a public meeting of the FASB or the IASB. The views expressed in this paper are those of the staff preparing the paper.
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Web22.6.3 Disclosure of offsetting and master netting A reporting entity that offsets amounts attributable to (1) repurchase and reverse repurchase agreements and/or (2) securities borrowing and lending transactions is subject to the … WebMay 24, 2012 · The International Swaps and Derivatives Association (ISDA) has published a paper 'Netting and Offsetting: Reporting Derivatives Under US GAAP and Under IFRS'. The paper describes the key differences between the approaches used by the IASB and FASB in balance sheet offsetting, and explains how each Board arrived at its current position. … gis in french
22.6 Collateral and transfers reported as secured borrowings - PwC
Webcomments received, the IASB and the FASB added an offsetting project to their joint agenda in June 2010. Developing the proposals in exposure draft As a result of the extensive outreach and education sessions and the limited scope of the project, in January 2011 the boards proceeded directly to the publication of the joint exposure draft Offsetting WebThe new ASU explains that the 2011 standard, ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures About Offsetting Assets and Liabilities, applies to the following when they are offset in accordance with FASB criteria or subject to a master netting arrangement or similar agreement: Derivatives. WebJul 22, 2013 · The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. gis in healthcare