How does the guidance in the new financial instruments standards differ from current GAAP? This webcast addresses that question by examining the core principles of the new standards. The FASB’s financial instruments projects reconsider classification and measurement of financial instruments, as well as issues related to impairment of financial instruments. This webcast will teach accountants in public practice and industry the background, purpose, and main provisions of the new financial instruments standards. Specifically, the webcast will address transition guidance, disclosure requirements, and implementation guidance.