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FASB staff issues Q&As on expected credit losses

  • FASB document Image

Jul 18, 2019

The FASB staff has 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.”

For more in­for­ma­tion, see the press release and Q&A document on the FASB’s Web site.

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