FASB staff issues Q&As on expected credit losses

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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.

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