A Video Introduction: Current Expected Credit Loss

FASB's Guidance and Steps to Adopting CECL

On June 16, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13, Financial Instruments — Credit Losses, which is listed as Topic 326 within the Accounting Standards Codification (ASC) (the Standard). The Standard affects entities holding financial assets and net investment leases not accounted for at fair value through net income.

Guidehouse Director Peter Barbera describes FASB's guidance on the Current Expected Credit Loss Model as well as steps to adopting CECL.




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