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TRG Snapshot Newsletter

Meeting on Credit Losses — November 2018

TRG Snapshot
November 2018
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November 2018 TRG Meeting on Credit Losses

In June 2016, the FASB issued ASU 2016-13,1 which adds to U.S. GAAP an impairment model — known as the current expected credit losses (CECL) model — that is based on expected losses rather than incurred losses. Once effective, the new guidance will significantly change the accounting for credit impairment under ASC 326.2 See Deloitte’s June 17, 2016, Heads Up for more information about the new guidance.

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