In February 2007 the FASB issued Statement of Financial Accounting Standards No. 159, The Fair Value Option for Financial Assets and Financial Liabilities (FAS159), which is effective for fiscal years beginning after November 15, 2007. This Statement permits entities to choose to measure many financial instruments and certain other items at fair value. This Statement also amended APB Opinion 21, FAS 57, FAS 95, FAS 102, and FAS 115.

Below is a link to the FASB web site where the Statement of Financial Accounting Standards No. 159,  The Fair Value Option for Financial Assets and Financial Liabilities, is located. As a condition of access to the FASB web site, the following copyright information should be understood:

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Statement of Financial Accounting Standards No. 159, The Fair Value Option for Financial Assets and Financial Liabilities

The following pronouncements (which can be found in Appendix C of FAS 159) were amended by FAS159. 

APB Opinion 21

FAS 57

FAS 95

FAS 102

FAS 115