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Fair value: Eyes wide open

CFO, January 25, 2010

Fair-value accounting rules are coming more into focus this year, and the Financial Accounting Standards Board has released a reworked version of Subtopic 820-10 (formerly FAS 157), the controversial rule that dictates how companies should measure the fair value of assets and liabilities under generally accepted accounting principles. Prompted by calls from investors and other financial-statement users in search of more-granular information, the revision aims to make fair-value disclosures more robust by requiring companies to disaggregate more of the numbers they report, CFO.com reports.