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FASB proposes to ease transition to the credit losses standard

  • FASB document Image

Feb 06, 2019

The FASB has issued a proposed Accounting Standards Update (ASU), “Targeted Transition Relief for Topic 326, Financial Instruments — Credit Losses.”

The pro­posed ASU would “allow preparers to irrevocably elect the fair value option, on an instrument-by-instrument basis, for eligible financial assets measured at amortized cost basis upon adoption of the credit losses standard.” Com­ments on the pro­posed ASU are due by March 8, 2019.

For more in­for­ma­tion, see the press release and pro­posed ASU on the FASB’s Web site.

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