Featuring pre- and post-FASB Accounting Codification references, this guide pulls together all the existing accounting literature on financial instruments into one volume, organizes it logically and describes the requirements as simply as possible. It provides specific guidance on financial assets, liabilities, derivatives, equity instruments and fair value disclosures. Includes: When and how to recognize an instrument in a balance sheet; Subsequent measurement; What disclosures should be provided in the footnotes; Plain-English practice pointers, observations and examples.