Deloitte's Roadmap: Current Expected Credit Losses

Current Expected Credit Losses

This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASU 2016-13 (codified as ASC 326), Measurement of Credit Losses on Financial Instruments.

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Preface On the Radar Contacts Chapter 1 — Overview Chapter 2 — Scope Chapter 3 — Recognition and Unit of Account Chapter 4 — Measurement of Expected Credit Losses Chapter 5 — Application of the CECL Model to Off-Balance-Sheet Commitments, Trade and Lease Receivables, and Reinsurance Receivables Chapter 6 — Purchased Credit-Deteriorated Assets Chapter 7 — Available-for-Sale Debt Securities Chapter 8 — Presentation and Disclosure Chapter 9 — Effective Date and Transition Chapter 10 — Stakeholder Activities Appendix A — Comparison of U.S. GAAP and IFRS Accounting Standards Appendix B — Titles of Standards and Other Literature Appendix C — Abbreviations Appendix D — Roadmap Updates for 2022

This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASU 2016-13 (codified as ASC 326), 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.