Accounting for financial instruments.

The staff summarized for the Board significant feedback received on the proposal for classification and measurement of financial instruments included in the May 2010 Exposure Draft, Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities—Financial Instruments (Topic 825) and Derivatives and Hedging (Topic 815), through outreach efforts performed to date. The Board had received a summary of significant feedback on its proposed credit impairment and interest income recognition models at the October 21, 2010 joint meeting with the IASB.

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