MEDIA ADVISORY 03/25/13
FASB Staff Document Responds to Frequently Asked Questions about Proposal to
Improve Accounting for Current Expected Credit LossesNorwalk, CT,
March 25, 2013—The Financial Accounting Standards Board (FASB) today
posted to its website a FASB
staff document that responds to frequently asked questions (FAQ) about its
recent proposed Accounting Standards Update, Financial Instruments—Credit Losses
(Subtopic 825-15). The FAQ document addresses common questions posed by
stakeholders about the Exposure Draft.
The FAQ document, along with the
proposed Accounting Standards Update and other educational materials, is posted
to the Accounting for Financial Instruments—Impairment project
page at http://www.fasb.org/.