A major problem with SFAS No. 114 is that it applies only to creditors, while debtors are still governed by SFAS No. 15.

Name: A major problem with SFAS No. 114 is that it applies only to creditors, while debtors are still governed by SFAS No. 15.
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SFAS No. 114 applies only to creditors, while debtors are still governed by SFAS No. 15. This has been a critique of the standard as it doesn't provide consistent guidance for both creditors and debtors.

A Major Problem with SFAS No