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FASB issues current position on Fair Value of Financial Asset

by admin on October 10, 2008

FASB STAFF POSITION
No. FAS 157-3
Title: Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active
Date Issued: October 10, 2008
Objective
1. This FASB Staff Position (FSP) clarifies the application of FASB Statement
No. 157, Fair Value Measurements, in a market that is not active and provides an
example to illustrate key considerations in determining the fair value of a financial asset
when the market for that financial asset is not active.

Read entire document [PDF document]

From → John LeMastus

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