The Financial Accounting Standards Board has issued a proposed revision to the CECL standard to address a handful of implementation questions that have surfaced, including how to address certain negative allowances.
FASB has issued a proposed accounting standards update that would make some small changes to Accounting Standards Codification Topic 326 on measuring credit losses. That’s the standard that requires companies to adopt a “current expected credit losses” (CECL) approach to recognizing the state of credit-based instruments in financial statements.
