Articles & Reports
Understanding the Issues—The Case for Initially Measuring Liabilities at Fair ValueWith the May 2001 issue of Status Report, we are pleased to launch a new feature, Understanding the Issues, that is intended to illuminate and simplify important subjects on which the FASB has published material.
To kick off the initial series of Understanding the Issues, we have focused on enhancing the constituent's understanding of measurement issues relating to Concepts Statement 7. The second in a series of four related articles on Concepts Statement 7, this article discusses why fair value is a particularly appropriate measure for a liability and covers its relevance in asset retirement obligations.
We welcome your feedback on this edition and those that are presented in the future.
The Case for Initially Measuring Liabilities at Fair Value
May 2001–Volume 2, Series 1
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