Refresher on Borrower Loan Modification Accounting

Thoughtware Article Published: Nov 09, 2020
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Some loan modifications and concessions are expected because of COVID-19. For most companies, this does not happen often. On October 28, 2020, FASB released an educational paper that reviews a debtor’s application of guidance on debt restructurings and modifications along with several common examples. This article also provides details on additional COVID-19 accounting guidance.

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