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A Roadmap to Accounting for Current Expected Credit Losses

A Roadmap to Accounting for Current Expected Credit Losses

This Roadmap combines the requirements in ASC 326 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. In addition, the publication highlights (1) the requirements of ASC 326 that significantly differ from those in existing U.S. GAAP and (2) standard-setting developments addressing questions raised and challenges identified by stakeholders over the past three years.

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  • US GAAP
This Roadmap combines the requirements in ASC 326 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. We hope that this publication will help readers navigate some of the more challenging aspects of the new credit losses standard. This publication has been developed for readers who have been following every development of the standard, as well as for readers who have not been following all developments and may be working through the standard for the first time. That is, it may function as a quick resource guide for those who have a specific question and are looking for a clear answer, or it may serve as an all-encompassing guide for those who are still building up their knowledge base to lead or work through an implementation.
Although we are nearly at the beginning of the mandatory effective date for calendar-year-end public companies, challenging questions remain. Accordingly, we will continue to develop guidance that we believe will help stakeholders with their implementation challenges.
We encourage you to use this Roadmap as a guide throughout your application of the new credit losses standard and to contact us with any questions or suggestions for future improvements. However, the Roadmap is not a substitute for consulting with Deloitte professionals on complex accounting questions and transactions.