Posts tagged Credit Loss Standards

FASB Issues Narrow-Scope Improvements to Credit Losses Standard

The new Accounting Standards Update clarifies areas of guidance so organizations can more smoothly transition to the standard.

Business OwnersThe Doty GroupNovember 26, 2019Financial Accounting Standards Board, Accounting Standards Update, Financial Instruments, Credit CLosses, CECL, Expected Recoveries, Credit Loss Standards, PCD assetsComment

FASB Approves Proposed Effective Date Delays at October 16 Meeting

The Financial Accounting Standards Board approved its 08/19 proposal to grant certain organizations various effective date delays on its credit losses, leases, and hedging standards.

Business Owners, ServicesThe Doty GroupOctober 18, 2019Lease Accounting, Credit Loss Standards, Lease Accounting Standards, FASB, Financial Accounting Standards Board, Private Companies, NonprofitComment