FASB Eliminates TDR Accounting

Thoughtware Alert Published: Apr 07, 2022
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On March 30, 2022, FASB issued Accounting Standards Update (ASU) 2022-02, Troubled Debt Restructurings and Vintage Disclosures, which will eliminate troubled debt restructuring (TDR) accounting for entities that have adopted the new credit loss model known as CECL and add new vintage disclosures for public business entities. 

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