Allowance for Credit Losses

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

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