Articles & Reports
Understanding the Issues—Credit Standing and Liability MeasurementThe FASB recognizes its responsibility to maintain a continuing dialogue with constituents, especially when it introduces new ideas. To judge by the comment letters, many have interpreted Concepts Statement 7 as far more complex and difficult than the Board intended. Others may not have accepted the rationale behind the Board's conclusions. With that in mind, the Board and staff have prepared a series of articles to communicate both its rationale and its expectations for applications of Concepts Statement 7.
This is the fourth in a series of articles that explores the application of Concepts Statement 7. In this article, we turn our attention to the role of an entity's credit standing in measuring the fair value of its liabilities.
Credit Standing and Liability Measurement
June 2001–Volume 4, Series 1
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