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.

Financial instruments — FASB to continue developing current expected credit loss impairment model

Published on: 19 Dec 2013

The FASB met yesterday to discuss how to proceed with the impairment phase of its project on financial instruments and ultimately decided to continue to develop and refine its current expected credit loss (CECL) model. The Board made its decision after reviewing the staff’s presentation of four alternative impairment models for consideration along with feedback from investors on how they analyze impairment losses and how they view the Board's proposed CECL impairment model.

The other three alternatives discussed at the meeting were to develop (1) a gross-up model, (2) a truncated model, or (3) a model similar to that being developed by the IASB.

Editor’s Note: See the meeting handout for more information about the four alternatives presented by the staff.

Accounting Journal Entries Image

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.