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FASB podcast on proposed impairment model

  • Podcast — dark blue Image

Apr 17, 2013

The FASB has made available a podcast that provides a detailed overview of its proposed Accounting Standards Update (ASU), "Financial Instruments — Credit Losses."

With the proposed ASU, issued in December 2012, the FASB hopes to obtain feedback on its current expected credit loss (CECL) model for accounting for the impairment of financial assets.

The podcast discusses the following topics:

    1. An overview of the issues the proposal seeks to address.
    2. The higher level measurement objective set forth in the proposal.
    3. A summary of the FASB’s CECL model.
    4. Questions and answers regarding the proposed use of historical information.
    5. Other alternatives considered by the Board.

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