Heads Up newsletter of FASB credit disclosures
02 Jul 2009
The 2 July 2009 Issue of the Heads Up Newsletter discusses FASB's 24 June 2009 exposure draft of a proposed Statement Disclosures About the Credit Quality of Financing Receivables and the Allowance for Credit Losses.
The ED is in response to concerns from financial statement users that the current disclosure framework for financing receivables and the allowance for credit losses is inadequate and lacks sufficient transparency. Comments on the ED are due by 24 August 2009. Heads Up, published by the National Office Accounting Standards and Communications Group of Deloitte & Touche LLP (United States), provides in-depth summaries of recent accounting and financial reporting developments. This newsletter is published periodically as developments warrant, and is intended for a general audience of financial professionals, including CFOs, controllers, and internal audit and accounting professionals.
