This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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.

Accounting Journal Entries Image

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.