When must companies begin furnishing the accounting policy disclosures required by the new rules?
Answer All companies must furnish the derivative accounting policy disclosures specified by the rule in filings that include financial statements for either an annual or interim fiscal period ending after June 15, 1997. If the accounting policy disclosures are not included in the company’s most recently filed Form 10-K, the disclosures are required in the company’s interim financial statements filed on Form 10-Q.
