Statement issued by the Financial Accounting Standards Board which outlines requirements related to mark-to-market accounting. The statement is entitled "Fair Value Measurements", and defines the categories into which companies must classify their assets (Level 1 assets, Level 2 assets, or Level 3 assets). The levels are differentiated by how easily fair market value can be calculated. FASB 157 became effective in late 2007, shortly after the problems which resulted in the write down of many subprime mortgages. By setting these guidelines, it helps investors get a better idea of the way a company's assets are distributed.
Related information about FASB 157:
- FASB Pre-Codification Standards
Summary of Statement No. 157. Fair Value Measurements. Summary. This Statement defines fair value, establishes a framework for measuring fair value in ...
- FAS 157 (as issued)
FASB: Financial Accounting Standards Board · Financial Accounting Foundation · Board Activities · Board Meetings Action Alert Calendar Meeting ...
- FASB 157 Definition | Investopedia
A Financial Accounting Standards Board (FASB) Statement that requires all publicly-traded companies in the U.S. to classify their assets based on the certainty ...
- Mark-to-market accounting - Wikipedia, the free encyclopedia
Mark-to-market or fair value accounting refers to accounting for the "fair value" of an asset or liability based on the current market price, or for similar assets and ...
- FASB 157 upgrades the quality of financial reporting
FASB 157 upgrades the quality of financial reporting. by Paul B.W. Miller and Paul R. Bahnson. EXECUTIVE SUMMARY FASB Statement no. 157 defines fair ...
- What is FASB 157? definition and meaning
Definition of FASB 157: Statement issued by the Financial Accounting Standards Board which outlines requirements related to mark-to-market accounting.
- FASB 157 - Fair Value Measurements - FDIC
Mar 31, 2007 ... FFIEC 031 and 041. RC-Q – FAIR VALUE. FFIEC 031 and 041. RC-Q-1. RC-Q – FAIR VALUE. (3-07). SCHEDULE RC-Q – FINANCIAL ...
- FASB 157: Mark to Market
Apr 2, 2009 ... Wealth Daily editor Steve Christ explains why the relaxation of the FASB 157, or mark-to-market rule, has given the bulls some new hope.