Transcription of Fair Value Measurement (Topic 820) Disclosures for ...
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Fair Value Measurement (Topic 820) Disclosures for ...
fair Value Measurement (Topic 820) No. 2015-07 May 2015 Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) a consensus of the FASB Emerging Issues Task Force An Amendment of the FASB Accounting Standards Codification The FASB Accounting Standards Codification is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. An Accounting Standards Update is not authoritative; rather, it is a document that communicates how the Accounting Standards Codification is being amended. It also provides other information to help a user of GAAP understand how and why GAAP is changing and when the changes will be effective.
fair value is measured at net asset value (or its equivalent) as a practical expedient to help users understand the nature and risks of the investments and whether the investments, if sold, are probable of bei ng sold at amounts different from net asset value.
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