This Monday the Financial Accounting Standards Board (FASB) will be discussing fair value measurement. The discussion is expected to last 90 minutes.

The Board will discuss additional application guidance that would clarify how fair value measurements are determined in a market that is not active. This is consistent with the principles of FASB Statement No. 157, Fair Value Measurements.

The FASB will also talk about how best to present other-than-temporary impairments in the financial statements.

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