U.S. GAAP Codification of Accounting Standards

ASU 2010-06 was issued in January 2010
--> Improving disclosures about fair value measurements
--> Topic 820, Fair value measurements and disclosures, was amended
--> 820-10-50-1, 50-2, 50-3, 50-4, 50-5, 50-6 were amended
--> 820-10-50-2(bb), 50-2A, 50-6A, 55-22A, 55-22B were added
 

ASU 2010-06 reflects disclosure requirements of
--> March 2009 amendments to IFRS 7
--> Improving disclosures about financial instruments
 

Disclosures are required, after ASU 2010-06,
--> for each class of assets and liabilities

This is a change from
--> for each major category of assets and liabilities
 

Effective date of ASU 2010-06
--> for IAB December 15, 2009
--> IAB: Interim and Annual periods Beginning after

820-10-50-2(c)(2)
--> for FYB December 15, 2010
--> FYB: Fiscal Years Beginning after