CPEA Alert: ASU 2022-02- Amendments Related to the Credit Losses Standard
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CPEA Alert: ASU 2022-02- Amendments Related to the Credit Losses Standard

5 months ago · 217 KB Download

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On March 28, 2022, the FASB issued Accounting Standards Update (ASU) 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The amendments in ASU 2022-02 relate to the adoption of the amendments in ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and respond to feedback received from stakeholders who have been implementing ASU 2016-13. ASU 2016-13 substantially changes existing U.S. generally accepted accounting principles (U.S. GAAP) on credit losses

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File name: cpea-alert-asu-2022-02-april-04-2022.pdf

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