To its detriment,the FASB has largely ignored the treatment of derivative instruments.

Name: To its detriment,the FASB has largely ignored the treatment of derivative instruments.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

This statement is not accurate. The FASB (Financial Accounting Standards Board) has published several standards regarding the accounting treatment of derivative instruments such as ASC 815, Derivatives and Hedging. Therefore, the statement is false.

To Its Detriment,the FASB Has Largely Ignored the Treatment of Derivative