FASB staff issues Q&As on expected credit losses
Jul 17, 2019
On July 17, 2019, the Financial Accounting Standards Board (FASB) issued a Q&A document, “Topic 326, No. 2: Developing an Estimate of Expected Credit Losses on Financial Assets.”
The Q&As address the following topics:
- “Use of historical loss information.”
- “Making reasonable and supportable forecasts.”
- “The reversion to historical loss information.”
Review the press release and Q&A document on the FASB’s website.
