Proposal to Remove TDR Accounting & Add CECL Vintage Disclosures

Thoughtware Article Published: Dec 01, 2021
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Initial feedback during FASB’s post-implementation review process for the credit impairment model known as CECL indicated strong dissatisfaction with the troubled debt restructuring (TDR) designation and disclosures. Rather than waiting for the review to be completed, which can take several years, FASB issued an exposure draft on November 23, 2021, to address this issue in a more expedited manner. This article provides details on the proposal, which also addresses a previously on-hold project on vintage disclosures.  

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