|
PPBI » Topics » The Meaning of Other-Than-Temporary Impairment and Its Application to Certain InvestmentsThis excerpt taken from the PPBI 10-K filed Mar 31, 2006. The Meaning of
Other-Than-Temporary Impairment and Its Application to Certain Investments.
This FSP effectively eliminates the accounting guidance provided in EITF 03-1
in favor of existing impairment recognition guidance under SFAS No. 115,
SAB No. 59, APB No. 18, and EITF Topic D-44. The FSP is
for periods beginning after September 15, 2005, but its adoption is not
expected to have a material impact on the Companys consolidated financial
statements.
66 |