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Roughly half of S&P 500 disclose expected CECL impact

Tammy Whitehouse | April 9, 2019

A little more than half of the Standard & Poor’s 500 have disclosed something about how they expect to be affected by the new reporting of credit losses when it begins next year, but only a small fraction have determined the potential materiality.

A PwC analysis of annual and quarterly filings through late February finds 44 percent of the S&P 500 that are public companies had so far provided no disclosure about how they’ll be affected by the new accounting, which requires companies to adopt a “current expected credit loss” model to report the state of their debt instruments. Companies are at various stages of implementing Accounting Standards Codification Topic 842, CECL standard, which takes effect Jan. 1, 2020, for calendar-year public companies.

The Securities and Exchange Commission, through...

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