FASB Makes Narrow-Scope Amendments to Financial Instruments Standard

The FASB has issued an Accounting Standards Update (ASU), Codification Improvements to Topic 326, Financial Instruments — Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.

The ASU is intended to clarify and improve “areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement.”

For more information, see the press release and ASU on the FASB’s Web site.