Accounting Research Bulletins

The Dealer Accounting Committee of SIFMA provides comments to the Financial Accounting Standards Board (FASB) on the proposed FASB Staff Position ARB 43, Restatement and Revision of Accounting Research Bulletins. The proposal would require that inventories included in an entity’s trading activities be initially and subsequently measured at fair value, with changes in fair value recognized in earnings. SIFMA generally agrees with the concept but believes that the proposal should be extended to trading activities as a whole, not just those within the scope of ARB 43.