Is Your Company Properly Disclosing Offset Assets and Liabilities? New Requirements Take Effect in 2013

Starting with 2013 financial statements, companies need to make additional disclosures about assets and liabilities that are offset on their balance sheets. These disclosures are expected to be helpful to users of financial statements, and they will be slightly less onerous than originally expected, thanks to a clarification issued by the FASB earlier this year as Accounting Standards Update 2013-01.

Our subject matter experts from Mayer Hoffman McCann P.C. discuss the additional disclosure requirements and highlight the effects of the clarification in this MHM Messenger: Disclosure Requirements about Offsetting Take Effect in 2013.

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