JWGSS

AcronymDefinition
JWGSSJoint Working Group of Standard Setters
References in periodicals archive ?
The JWGSS (2000, 151) asserts that fair values provide superior information about financial instruments because they: (1) reflect economic conditions or events in the period in which they take place, and (2) provide a better basis for analysis and prediction because they reflect future expectations as of the financial statement date.
Consistent with the recommendation of the JWGSS (2000), the FASB has stated their intention to require full-fair-value-income measurement, recognizing all fair-value gains and losses in a statement of performance.