CECL Adopters Can Drop TDR Accounting; No Further Delays on Adoption

Thoughtware Alert Published: Feb 03, 2022
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FASB met on February 2, 2022, and voted to issue a final accounting standards update closely following a November exposure draft with minor clarifications that will drop the troubled debt restructuring (TDR) designation for entities that have adopted CECL and add vintage disclosures for public business entities. This article provides details on FASB’s actions, including a vote to not extend the CECL implementation date. 

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