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FASB staff plan to suggest CECL edits to answer questions

Tammy Whitehouse | June 7, 2018

Staff at the Financial Accounting Standards Board plans to recommend some narrow changes to the new standard on credit losses to answer implementation questions.

The Financial Accounting Standards Board’s Transition Resource Group for Credit Losses will meet Monday, June 11, to pore over the latest questions companies have raised as they prepare to implement new accounting rules. FASB staff members have researched issues around capitalized interest, accrued interest, transfers between classifications, recoveries, and refinancing and loan repayment, and they...

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