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2019

October 18, 2019 — FASB Votes to Finalize ASUs on Amendments to the Effective Dates for Credit Losses, Derivatives and Hedging, Leases, and Insurance Standards

Deloitte Accounting Journal Entry
October 18, 2019

FASB Votes to Finalize ASUs on Amendments to the Effective Dates for Credit Losses, Derivatives and Hedging, Leases, and Insurance Standards

At its meeting on October 16, 2019, the FASB concluded deliberations on two proposed Accounting Standards Updates (ASUs) related to the amended effective dates for (1) the credit losses, derivatives and hedging, and leases standards1 and (2) the insurance standard.2 This journal entry summarizes the tentative decisions reached and related discussion of some responses to questions and other issues identified in the comment letters received.

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