FASB Tackles CECL Questions

Thoughtware Article Published: Jun 01, 2017
Two bankers shaking hands

The Financial Accounting Standards Board’s (FASB) Transition Resource Group for Credit Losses recently addressed these issues:

  • Consideration of prepayments in the discount rate used in a discounted cash flow method
  • Scope of purchased financial assets with credit deterioration guidance for beneficial interests within Accounting Standards Codification 325-40
  • Transitioning purchased credit-impaired pools
  • Accounting for troubled debt restructurings
  • Determining the estimated life of a credit card receivable


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