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Simplification? An Examination of Readily Determinable Fair Value
Posted by Paul Languirand on Wed, Jun 13, 2018 @ 11:42 AM

The Financial Accounting Standards Board (FASB)'s revised definition of readily determinable fair value (RDFV) may have in fact made the net asset value practical expedient more difficult to apply. In 2015, the FASB issued accounting updates addressing investments that calculate net asset value (NAV) per share, which, among other amendments, amended the definition of RDFV. Feedback received from financial statement preparers and users indicate that the intended clarification may have resulted in additional confusion rather than clarity regarding when a financial instrument is considered to have a RDFV. As a result, employee benefit plan advisors, financial statement preparers, and investors in entities with the impacted financial instruments may want to take a closer look at the issue, which could have an effect on their accounting for alternative investments.

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Topics: Paul Languirand, FASB, Fair Value, Financial Accounting Standards Board, Accounting Issues, net asset value, NAV

Get Your NFP’s Financial Statement in Shape
Posted by Dyan Reinhold on Thu, May 3, 2012 @ 09:37 AM
Author: Dyan Reinhold

5 Key Changes – and a Checklist for Pinpointing Problem Areas

While it’s true that this year there have only been modest changes to accounting standards it’s still important to make sure that your financial statements are clear and thorough. However, there are still five key changes you’ll need to address.

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Topics: non-for-profit, Endowment Disclosures, Uncertain Income Tax Positions, Derivatives, Fair Value

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