Status of Statement No. 107

Disclosures about Fair Value of Financial Instruments

Status

Issued: December 1991

Effective Date:

For fiscal years ending after December 15, 1992

Affects:

Amends FAS 105, paragraph 6 and footnotes 2 and 3

Affected by:

Paragraph 4 deleted by FAS 133, paragraph 531(a)

Paragraphs 5 and 6 deleted by FAS 157, paragraphs E14(a) and E14(b), respectively

Paragraph 7 amended by FAS 126, paragraph 5

Paragraph 8(a) amended by FAS 112, paragraph 11; FAS 123, paragraph 389; and FAS 123(R), paragraph D4

Paragraph 8(b) replaced by FAS 125, paragraph 240(a), and FAS 140, paragraph 361(a)

Paragraph 9 amended by FAS 157, paragraph E14(c)

Paragraph 10 amended by FAS 119, paragraphs 15(a) through 15(c); FAS 133, paragraphs 531(b) and 531(c); and FAS 157, paragraph E14(d)

Paragraph 11 deleted by FAS 157, paragraph E14(e)

Paragraph added after paragraph 13 by FAS 119, paragraph 15(d), and replaced by FAS 133, paragraph 531(c)

Paragraphs 15A through 15D added by FAS 133, paragraph 531(d)

Paragraphs 18 through 29 deleted by FAS 157, paragraph E14(f)

Paragraph 28 amended by FAS 125, paragraph 240(b), and FAS 140, paragraph 361(b)

Paragraph 30 amended by FAS 157, paragraph E14(g)

Paragraph 31 amended by FAS 133, paragraph 531(e), and FAS 157, paragraph E14(h)

Other Interpretive Pronouncement:

FIN 45

Other Interpretive Releases:

FASB Special Report, Illustrations of Financial Instrument Disclosures (Nullified by FAS 133)

FASB Staff Position SOP 94-6-1

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncement:SOP 01-6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:

No EITF Issues

Interpreted by:

Paragraph 10 interpreted by EITF Topic No. D-69

Paragraph 16 interpreted by EITF Topic No. D-29

Related Issue:

EITF Issue No. 02-3

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