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FASB tees up CECL issues, but not deferral

Tammy Whitehouse | November 2, 2018

The Financial Accounting Standards Board will meet soon to discern implementation issues associated with its credit losses standard, but consideration of a deferral in the effective date is not on the agenda.

In an upcoming routine meeting, the board has teed up a session to review implementation concerns associated with Accounting Standards Codification Topic 326 on financial instruments, which is the standard taking effect Jan. 1, 2020, for public companies requiring a “current expected credit losses” approach to recognizing loan losses. The board plans to address...

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