Opinion discusses insights gained from FASB's approach to accounting for investments in securities, emphasizing implications for financial reporting.
Opinion. Comments on lessons that can be learned from the US Financial Accounting Standards Board's (FASB) Statement No. 115 on certain investments in debt and equity securities. Statement No. 115 process; Information technology; Significance of official earnings to accounting preparers; FASB's ability to deal effectively with political and regulatory issues.
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A 1996 study studied this question.
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