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DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

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TPG Software is now part of Abrigo. You can continue to count on the world-class Investment Accounting software and services you’ve come to expect, plus all that Abrigo has to offer.

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What are disclosure reports?

July 11, 2013
Read Time: 0 min

In July 2010, the Financial Accounting Standards Board (FASB) released a significant update, Accounting Standards Update 2010-20, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses (Topic 310). More than two years later, however, bankers’ interpretation of this update has been inconsistent and ill effective as a result of the quick implementation goals, the ambiguous descriptions in the update and a lack of FASB-published documentation needed to discern the new requirements. 

The ASU 2010-20 update required supplemental reporting to a financial institutions ALLL calculations. The point of this was to disclose more information about the institution’s loan portfolio. These reports show aging analysis, credit risk, TDR restructure and several other items that help give a better picture of an institution’s loan portfolio. There are roughly 4-7 reports that institutions are currently filing as part of disclosure reporting.

For more in-depth information on disclosure reports, read our whitepaper: “ALLL” about Disclosure Reports.

About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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