FASB Proposed Accounting Standards Update, Codification Improvements to Topic 326, Financial Instruments — Credit Losses

Posted in Current Expected Credit Loss: CECL News & Events.

FASB Proposed Accounting Standards Update, Codification Improvements to Topic 326 (Credit Losses) — This document outlines the proposed update to FASB’s new standards for evaluating credit losses. (8/18) Click here to view FASB’s proposed update Click here to download the PDF Source: FASB Financial Accounting Standards Board   

FASB Proposes Narrow-scope Improvements to Credit Losses Standard — News Release

Posted in Current Expected Credit Loss: CECL News & Events, Recent News.

FASB Proposes Narrow-scope Improvements to Credit Losses Standard – The news release provides information on the proposed updates to the accounting standards regarding credit losses. (8/18) Click here to view this FASB news release Click here to view FASB’s proposed update Source: FASB Financial Accounting Standards Board  

CECL – Raising the Standards of Success

Posted in Current Expected Credit Loss: CECL News & Events, Perspectives.

Overview of the Rules CECL overhauls the current impairment models for loans, leases and debt securities, and also impacts commitments. It removes the “probable” threshold under the “incurred loss model” for recognizing credit losses. Firms will be required to report the current estimate of lifetime loan losses, incorporated into the Allowance for Loan and Lease… Read more »

FDIC FIL-41-2017 New Accounting Standard on Credit Losses: Frequently Asked Questions

Posted in Current Expected Credit Loss: CECL News & Events.

Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses —  Federal financial institution regulatory agencies release FAQs as support for examiners and institutions as they prepare for CECL implementation. (9/17) Click here to view FDIC FAQs Click here to download the PDF Source: Federal Deposit Insurance Corporation

FASB Accounting Standards Update, Receivables (Topic 310), Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses

Posted in Current Expected Credit Loss: CECL News & Events.

Receivables (Topic 310) – The main objective in this ASU is to provide greater transparency about an entity’s allowance for credit losses and the credit quality of its financing receivables. ( 7/10) Click here to view FASB’s Overview Click here to download the PDF Source: FASB Financial Accounting Standards Board