BDO Knows CECL: FASB Topic 326, Financial Instruments - Credit Losses

BDO’s Latest Publication Is A Deep Dive Into the Accounting For ASU 326, Current Expected Credit Losses Discussing Scoping, Implementation, Tax Considerations, and More


In June 2016, the FASB issued Accounting Standards Update 2016-13, (ASC “326”). Among many changes, the ASU significantly changes the impairment model for most financial assets that are measured at amortized cost (and certain other instruments) from an incurred loss model to an expected loss model that will be based on an estimate of current expected credit loss (“CECL”). Our latest publication talks more about what to expect from the new standard and gives examples for guiding your implementation. 

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