FASB PROPOSES TO PROVIDE GUIDANCE ON MEETING US CASH EQUIVALENTS

THE FASB (UNITED STATES FINANCIAL ACCOUNTING STANDARDS BOARD) PROPOSED GUIDANCE TO HELP STABILIZE CURRENCIES TO MEET CASH EQUIVALENTS UNDER UNITED STATES ACCOUNTING RULES. THE PROPOSAL IS INTENDED TO PROVIDE A CLEARER ACCOUNTING TREATMENT FRAMEWORK FOR STABLE CURRENCIES AND TO PROMOTE THEIR APPLICATION AND DEVELOPMENT IN FINANCIAL MARKETS。