This newsletter covers helpful information on how to understand upcoming changes to accounting standards. The Current Expected Credit Loss Model (CECL): Are You Ready? In this report, we focus on the current expected credit loss model presented in ASU 2016-13 and its impact on accounting for loan losses by financial institutions. READ MORE > ASU […]
After several years of development, the FASB has issued ASU 2016-02, which supersedes FASB ASC 840.