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News Stories (7 Results) - Credit Losses

The Financial Accounting Standards Board has extended the implementation deadline for several accounting standards, giving many U.S. companies additional time to prepare, the Wall Street Journal reported.FASB on Wednesday approved its proposals for... Read Story
October 17, 2019, 07:20 AM


The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on... Read Story
August 16, 2019, 07:30 AM


The Financial Accounting Standards Board plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting last week, according to the Journal of... Read Story
July 23, 2019, 07:20 AM


The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would address issues raised by stakeholders during the implementation of Accounting Standards Update No. 2016-13, Financial Instruments—Credit... Read Story
June 28, 2019, 07:24 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value. Issued in 2016, the credit... Read Story
May 16, 2019, 07:11 AM


The FASB's new standard on accounting for credit losses on financial instruments will affect U.S. banks' reserving practices, says Fitch Ratings. However, it will be manageable as banks have adequate time to prepare for implementation. The new... Read Story
July 21, 2016, 07:13 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and... Read Story
June 22, 2016, 07:15 AM