Recognition and Presentation of Other-Than-Temporary Impairments

Recognition and Presentation of Other-Than-Temporary Impairments

Status

Date Posted: April 9, 2009 

Effective Date:
For interim and annual reporting periods ending after June 15, 2009; early adoption permitted for periods ending after March 15, 2009  

Affects:
Amends APB 28, paragraph 30
Amends FAS 60, paragraph 50
Amends FAS 115, paragraphs 16 and 19
Deletes FAS 115, footnote 4
Adds FAS 115, paragraph 18A
Amends FAS 130, paragraphs 17 and 19
Adds FAS 130, paragraph 19A
Adds FSP FAS 115-1/FAS 124-1, paragraphs 3A, 13A, 14A through 14G, 15A through 15E, 16A through 16C, 18A, and 18B
Amends FSP FAS 115-1/FAS 124-1, paragraphs 4(b), 13, headings preceding paragraph 15, 16 through 18, and A2 through A4 and footnote 2
Amends SOP 03-3, paragraphs .07, A-6, A-7(a), A-7(b), A-9(a)(1), A-9(a)(2), A-11(a)(1), and A-11(a)(2)  

Affected by:
No other pronouncements  

AICPA Accounting Standards Executive Committee (AcSEC) Related Pronouncement:
SOP 03-3  

Issues Discussed by FASB Emerging Issues Task Force (EITF)  

Affects:
Modifies EITF Issue No. 99-20 

Interpreted by:
No EITF Issues 

Related Issues:
EITF Topic No. D-41 

Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides