Many debt and equity securities that are accounted for in accordance with FASB Statement No. 115, Accounting for Certain Investments in Debt and Equity Securities (FAS 115), have experienced significant and extended declines in fair value due to current economic conditions. Companies should consider whether these declines represent an "other-than-temporary impairment" (OTTI). If they do represent an OTTI, companies will have to recognize any unrealized OTTI losses stemming from such debt and equity securities in earnings.
Showing posts with label Credit Crisis. Show all posts
Showing posts with label Credit Crisis. Show all posts
Tuesday, September 30, 2008
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