Abstract The article presents the American Accounting Association's response to issues raised in the Financial Accounting Standards Board's exposure draft entitled "Disclosure about Derivative Financial Instruments and Fair Value of Financial Instruments." In general, the Committee is supportive of the overall objectives of the Exposure Draft. If implemented, disclosures for many financial instruments now outside the scope of Statement 105 will become available. Further, by explicitly identifying assets and liabilities and by grouping disclosures in one place, some of the major limitations of Statement 107 will be addressed.
Barth et al. (Wed,) studied this question.