Appendix D — Roadmap Updates for 2026

Investment in Insurance Policies

Added new section explaining that bank- or company-owned life insurance policies are not within the scope of ASC 360-20.

Current Conditions and Reasonable and Supportable Forecasts

Added Connecting the Dots on the new practical expedient under ASU 2025-05.

Accounting for the Off-Balance-Sheet Credit Exposure Related to a Forward Commitment to Purchase Loans

Added Connecting the Dots to clarify that ASU 2025-08 expands the gross-up approach to include PSLs.

Practical Expedient and Accounting Policy Election for Current Receivables and Current Contract Assets

Added new section and subsections on the practical expedient (for all entities) and accounting policy election (for non-PBEs) under ASU 2025-05 with respect to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606.

Certain Purchased Assets

Updated to reflect the new guidance in ASU 2025-08 on PSLs

Scope of the PCD Model

Added new section and renumbered the subsections.

PSL Model (After the Adoption of ASU 2025-08)

Added new section and subsections on the PSL model.

PCD Considerations Related to AFS Debt Securities

Updated to reflect clarifications made by ASU 2025-12 (on Codification improvements).

Presentation and Disclosure

Updated to reflect pending guidance on interim disclosures under ASU 2025-11.

Current Accounts Receivables and Contract Assets

9.2

FASB Activities

Deleted because final ASUs have been issued and are discussed in applicable chapters. Renumbered subsequent sections.

Impairment Loss — Credit-Impaired Assets

Added new section to reflect guidance on PCD assets and PSLs.

Subsequent Measurement — Modifications

Added new section comparing the guidance on accounting for loan modifications under ASC 310 with that under IFRS 9. Renumbered subsequent sections.