The FAS 161 report provides U.S. GAAP FAS 161 reporting for derivatives for use with entities preparing financial statement disclosures. Disclosures for derivative assets and derivative liabilities are required for annual and interim reporting periods whenever a statement of financial position and statement of financial performance are presented. The FAS 161 disclosures include quantitative disclosures required for entities having derivatives that are not designated as hedging instruments or hedging related. This report identifies the risk classifications and the specific fair value of derivative instruments for the statement of financial position, as well as the effect of derivative instruments on the statement of financial performance.
To create the FAS 161 report:
- From the Accounting Center window, click Reporting in the left navigation.
- Double click Investment Accounting, Compliance Reports, and FAS 161 Report.
You see the FAS 161 report panel. - Complete the fields on the FAS 161 report panel.
- Click Submit.
- Click Advanced Report or Classic Grid Report for the report view you want.
The report results appear on your desktop for the view selected. Grid and advanced report views include the Fair Value of Derivative Instruments in a Statement of Financial Position and the Effect of Derivative Instruments on the Statement of Financial Performance views.
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