Allowance for Credit Losses

Author picture By

In July 2010, the Financial Accounting Standards Board (FASB) issued new guidance requiring significant additional financial statement disclosures relating to the credit quality of financing receivables and the allowance for credit losses. The new guidance was issued in Accounting Standards Update (ASU) 2010-20.

More on this article is available in a PDF you can download by clicking this link: New Disclosure Requirements for Receivables and the Allowance for Credit Losses

Disclaimer of Liability: This publication is intended to provide general information to our clients and friends. It does not constitute accounting, tax, investment, or legal advice; nor is it intended to convey a thorough treatment of the subject matter.

Keep reading

Recent Changes to an Auditor’s Consideration of an Entity as a Going Concern
Post Author picture By Matt Vasil
Read more about Recent Changes to an Auditor’s Consideration of an Entity as a Going Concern
Lease Accounting Rules Are About to Change… Get Ready!
Baker Newman Noyes By Baker Newman Noyes
Read more about Lease Accounting Rules Are About to Change… Get Ready!
Deferred Inflows and Outflows of Resources Under GASB 65
Baker Newman Noyes By Baker Newman Noyes
Read more about Deferred Inflows and Outflows of Resources Under GASB 65