Archive

Go to:

January 2019
SMTWTFS
12345
6789101112
13141516171819
20212223242526
2728293031
< Dec Feb >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

FASB to Propose Additional CECL Clarifications
Friday, August 31, 2018 6:50 AM

During Wednesday's open meeting, the Financial Accounting Standards Board (FASB) indicated it would propose additional amendments to further clarify its current expected credit losses (CECL) standard.

The FASB is expected to issue the amendments in the fourth quarter of 2018 relative to:

  • Including accrued interest in defining amortized cost basis;
  • Reversing accrued interest on nonaccrual loans;
  • Transferring loans and debt securities between categories; and
  • Recoveries.

FASB agreed to issue the proposal during its July meeting, with comments due Sept. 19.

See more details from FASB's Transition Resource Group for Credit Losses.