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2017

September 7, 2017 — FASB Addresses Troubled Debt Restructurings

Deloitte Accounting Journal
September 7, 2017

FASB Addresses Troubled Debt Restructurings

At its September 6, 2017, meeting, the FASB addressed issues related to troubled debt restructurings (TDRs). Specifically, the Board discussed when a creditor would recognize a TDR and how it would measure the effects of the restructuring. These clarifications were made as a result of the FASB’s credit losses transition resource group (TRG) discussion held on June 12, 2017.1

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