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Credit Losses

Your resource to understanding how ASC 326 will change the credit loss landscape.

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Credit Losses: Helping Corporations Navigate ASC 326

The credit loss landscape is set to be transformed by the implementation of the Accounting Standards Update (ASU) 2016-13 — Financial Instruments-Credit Losses — issued by FASB. Under ASC 326, the incurred loss model is replaced by the current expected credit loss (CECL) model. This standard is sure to impact how corporations can write down losses on financial assets and poses significant risk to companies that don’t plan ahead. Take a look at the Credit Losses resources developed by Bloomberg Tax & Accounting’s content and analysis team.

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SPECIAL REPORT

2019 Credit Losses

Read this special report on how ASC 326 is certain to impact financial reporting for leading corporations – and how to effectively plan ahead.

VIDEO

Credit Losses: Changes to Credit Loss Guidance

Jon Howard, Deloitte Audit and Assurance Partner, discusses changes to credit loss guidance, the impact beyond banks, lessons from IFRS 9 adoption, and more.

VIDEO

Financial Instruments: The Way Forward

View discussions from Financial Instruments: The Way Forward, an event hosted by Bloomberg Tax & Accounting and Deloitte. Experts discuss how corporations should respond to the new ASC 236 standard on credit losses.

Bloomberg Financial Accounting

Expert analysis of accounting standards and authoritative tools to streamline your research

Customer Resources

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Portfolio 5187: Financial Instruments: Credit Losses

Bloomberg Tax and Accounting Portfolio 5187, Financial Instruments: Credit Losses, examines how a creditor accounts for credit losses on certain nonderivative financial instruments.



Portfolio abstract

Author

  • James F. Green, CPA

Portfolio 5186: Financial Instruments: IFRS 9 – Impairment

Bloomberg Tax and Accounting Portfolio 5186, Financial Instruments: IFRS 9—Impairment, examines how an entity accounts for impairment of nonderivative financial assets under International Financial Reporting Standards (IFRSs). The Portfolio focuses on the requirements of IFRS 9, Financial Instruments (July 2014).

Portfolio abstract

Author

  • James F. Green, CPA

Portfolio 5185: Financial Instruments: IFRS 9 – Classification and Measurement

Bloomberg Tax and Accounting Portfolio 5185, Financial Instruments: IFRS 9—Classification and Measurement, explores how an entity classifies and measures nonderivative financial instruments under International Financial Reporting Standards (IFRSs), with a focus on the requirements of IFRS 9, Financial Instruments (as of July 2014).

Portfolio abstract

Author

  • James F. Green, CPA

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