FASB Moves Ahead on Some CECL Updates

Thoughtware Article Published: Mar 12, 2019
Advisor going over accounting work

As the deadline approaches to implement the new credit impairment model known as CECL, FASB is moving ahead on some—but not all—of the promised updates. At a February meeting, FASB approved a final Accounting Standards Update for most of the CECL-related items included in a November 2018 exposure draft. Read on for a list of approved updates, as well as three issues that will not be included in the final standard.


Related Thoughtware

Kate & Ben — How can we help you? Contact Us!

How can we help you?