Roadmap
Current Expected Credit Losses
(October 2022)
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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.
The 2022 update of this Roadmap contains new discussions
related to ASU 2016-13, including the highlights of the FASB’s recently issued ASU
2022-02 that eliminates the accounting guidance on troubled debt restructurings for
creditors and amends the guidance on vintage disclosures.
Also available is the latest edition of
On the
Radar, a high-level summary of emerging issues
and trends related to the accounting and financial reporting
topics addressed in the Roadmap.
Be sure to check out other titles in
Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.