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FASB Proposes to Delay Effective Date for Certain Disclosures About Troubled Debt Restructurings

Published on: 01 Dec 2010

Today, the FASB decided to issue a proposed ASU that would defer the effective date for certain disclosures under ASU 2010-201 about troubled debt restructurings (TDRs) to conform with the proposed effective date in the Board’s recently proposed ASU on TDRs.2

If the proposal is finalized, the disclosure provisions related to TDRs required by ASU 2010-20 would be effective for interim and annual periods ending on or after June 15, 2011.

The Board plans to issue the proposed ASU in mid-December, with a 15-day comment period, and expects to issue a final standard in early January 2011.

For more information on ASU 2010-20 and the proposed ASU on TDRs, see Deloitte’s July 22, 2010, and October 15, 2010, Heads Up newsletters.


[1] FASB Accounting Standards Update No. 2010-20, Disclosures About the Credit Quality of Financing Receivables and the Allowance for Credit Losses.

[2] FASB Proposed Accounting Standards Update, Clarifications to Accounting for Troubled Debt Restructurings by Creditors.

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