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FASB issues Q&A on CECL method, sets roundtable date

Tammy Whitehouse | January 11, 2019

To answer questions about implementation of the new credit losses standard, the Financial Accounting Standards Board issued a question-and-answer document focusing on a specific approach that some entities are considering.

The questions surround the “weighted average remaining maturity” or WARM method for estimating allowances for credit losses under Accounting Standards Codification Topic 326. The new standard, taking effect Jan. 1, 2020, for public companies, requires entities to adopt a “current expected credit losses” approach to...

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