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FASB Proposes Expanded Disclosures, Improved Accounting Related to Credit Losses Standard

Nov 29, 2021

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the decision usefulness of information provided to investors about certain loan refinancings, restructurings, and writeoffs. Stakeholders are encouraged to review and provide feedback on the proposed ASU by December 23, 2021.

Review in more detail, including: 

  • Troubled debt restructurings by creditors that have adopted CECL; and 

  • Vintage disclosures—gross writeoffs

Read the article here.

Disclaimer: The views, opinions or examples included in linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.