SFAS 159 allows companies to selectively report held-to-maturity and available-for-sale securities at fair value.

Question

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SFAS 159 (Statement of Financial Accounting Standards No. 159) introduced the option for companies to report certain financial assets and liabilities at fair value, even if they would not normally be recorded that way under previous accounting standards. This includes the ability to selectively measure held-to-maturity or available-for-sale securities at fair value, although companies must disclose their reasoning for doing so in their financial statements.

SFAS 159 Allows Companies to Selectively Report Held-To-Maturity and Available-For-Sale