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October 19, 2019 - FinREC comment letter on FASB's July 31, 2019 Exposure Draft: Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)

Oct 19, 2019 · 256.6 KB Download

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The Financial Reporting Executive Committee (FinREC) of the American Institute of Certified Public Accountants commented on the Financial Accounting Standards Board’s (FASB or Board) July 31, 2019, Exposure Draft Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40).

The Financial Reporting Executive Committee (FinREC), formerly known as the Accounting Standards Executive Committee (AcSEC), is a senior committee of the Institute for financial reporting. It is authorized to make public statements on behalf of the Institute on financial reporting matters without the clearance of either the Council or the board of directors of the Institute and to clear statements of other committees that include references to financial reporting positions.

The mission of FinREC is to determine the Institute's technical policies regarding financial reporting standards and to be the Institute's spokesbody on those matters, with the ultimate purpose of serving the public interest by improving financial reporting.

Download the FinREC October 19, 2019, comments on FASB debt and deriviatives and hedging exposure draft

File name: 20191018-finrec-cl-fasb-ed-debt-v-equity.pdf

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