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CECL Standard: Abridged

An abridged summary of the FASB’s CECL model

The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 326 provides the guidance by which the current expected credit losses methodology (CECL) for estimating allowances for credit losses will be applied. The allowance will be reported as a valuation account, or the difference between the financial assets’ amortized cost basis and the net amount expected to be collected.

In this whitepaper:

  • An abridged summary of the ASU 326 – Credit Losses
  • Who and what are affected by the amendments
  • Abridged summary of disclosure guidance

Download the Whitepaper