FASB podcast on proposed impairment model
17 Apr 2013
The US Financial Accounting Standards Board (FASB) has made available a podcast which provides a detailed overview of the FASB's Proposed Accounting Standards Update (ASU) 'Financial Instruments—Credit Losses'.
With the proposed ASU, issued 20 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:
- An overview of the issues the proposal seeks to address
- The higher level measurement objective set forth in the proposal
- A summary of the FASB’s current expected credit losses (CECL) model
- Questions and answers regarding the proposed use of historical information, and
- Other alternatives considered by the Board.
Click to view:
- FASB press release
- Podcast — Key Concepts Underpinning the FASB’s Proposed Credit Loss Model
- Our previous story on the FASB's impairment model.
