FASB Staff Document Responds to Frequently Asked Questions about Proposal to Improve Accounting for Current Expected Credit Losses

Norwalk, 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