Credit Losses

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

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Bloomberg Financial Accounting

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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 content and analysis team.

CECL Glossary

Get up to speed on the most important terms to keep you in the know on matters related to CECL Credit Losses

Related Resources



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.


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.


Financial Instruments: The Way Forward

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


What You Need to Know About New Loan Loss Accounting

A new U.S. accounting standard, CECL (current expected credit losses), is about to make a huge difference in what banks’ financial statements and earnings look like—and for some of them, what their future lending practices could be. Listen to Bloomberg Tax reporter Nicola White and Talking Tax host Amanda Iacone discuss how the standard works, what challenges banks face, and the latest developments from the Financial Accounting Standards Board.

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

Portfolio abstract

Portfolio 5186: Financial Instruments: IFRS 9 – Impairment

Bloomberg Tax 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

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

Bloomberg Tax 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

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