In this episode, Melisa Galasso breaks down a targeted FASB proposal impacting fair value measurement for a narrow group of investment companies. Find out who is affected, what the change means, and key deadlines for feedback.
- Overview of the FASB proposal addressing investment companies with equity securities under contractual sale restrictions
- Recap of previous guidance in ASU 2022-03 and why the current practice exists
- Explanation of how the proposal would allow a discount for unmarketable equity securities
- Determination of who is and is not impacted by this proposed exception
- Key comment period details and what stakeholders should know about the July 17th deadline
SC.CPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SC.CPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
Do you agree that this change should be limited to investment companies only?
Proposed Accounting Standards Update, Fair Value Measurement (Topic 820)
