Latest Round of CECL Fixes Issued
Thoughtware Article
Published: Dec 03, 2019

With CECL’s effective date for large SEC registrants approaching, FASB recently issued Accounting Standards Update 2019-11, which clarifies the accounting treatment on several issues—negative allowances, troubled debt restructuring transition, accrued interest disclosures and the collateral maintenance practical expedient. Read on for more information on each of these issues.