FASB - Classification and measurement of financial assets 

January 31:  The FASB, at its January 2014 meeting, decided not to continue to pursue the business model assessment on classification and measurement of financial assets.

The Board also decided not to pursue an approach that focuses on the business activities that an entity uses in acquiring and managing the financial assets.


After deciding not to continue to pursue the business model assessment the FASB directed its staff to analyze:


  • The appropriate impact of sales subsequent to initial recognition, including the consideration of high-volume, low-dollar amount sales
  • Whether there is a need for a tainting notion
  • Whether reclassifications are to be prohibited

Read a January 2014 report [PDF 163 KB] prepared by KPMG LLP: Defining Issues: Divergence Increases on Classification and Measurement of Financial Assets




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