Future Changes Approved for Financial Instruments

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The FASB began 2016 with an update to accounting for financial instruments. ASU 2016-01 removes the existing categories and prescribes the same accounting treatment for all equity securities measured at fair value.

Read the article from the Spring 2016 GYF Perspectives.

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Grossman Yanak & Ford LLP, a certified public accounting and consulting firm, was founded in 1990. The firm is led by six partner and serves clients in Pittsburgh and the surrounding region.

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