On the Radar — Current expected credit losses

Published on: 06 Oct 2022

The 2022 edition of On the Radar: Current Expected Credit Losses briefly summarizes issues an entity should consider when applying FASB Accounting Standards Update (ASU) No. 2016-13, Measurement of Credit Losses on Financial Instruments. The ASU adds to U.S. GAAP an impairment model known as the current expected credit loss (CECL) model, which is based on expected losses rather than incurred losses.


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