ASU No. 2015-07 is effective for entities other than public business entities for years beginning after December 15, 2016. The accounting pronouncement no longer requires investments for which fair value at NAV to be categorized in the fair value hierarchy (level I, II, III). Meaning we can now have a forth column on the 820 report listing assets held at NAV. Will this update be coming soon? However the report would have to stay how it is currently for ay fiscal years beginning prior to 12/15/16. You may need to add a forth category on the investment portfolio page in the drop down 'FASB 820 Level' for NAV assets. Thank you!
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