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Dec, 2017

Current Expected Credit Loss (CECL): It’s More Than ALLL+

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1) Introduction The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU), Financial Instruments – Credit Losses in June, 2016. This ASU 2016-13 introduces a new model for recognizing credit losses on financial instruments which is based on an estimate of Current Expected Credit Losses (CECL). The ASU will apply to: loans, accounts receivable, trade receivables, and other financial assets measured at amortized cost, loan commitments and certain other off-balance sheet credit exposures, debt securities and other financial assets measured at fair value through other comprehensive income, and beneficial […]

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