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FASB TDRs and disclosures update

Since issuing the accounting standards update for the current expected credit loss (CECL) model in 2016, the Financial Accounting Standards Board (FASB) has continued to respond to feedback. In its latest response, the board recently issued updated accounting guidance that eliminates the troubled debt restructuring (TDR) designation for CECL. It also added enhanced disclosure requirements for public business entities related to gross charge offs.

Download to learn:

  • Final FASB TDR guidance
  • Disclosure requirements
  • Potential PCD accounting changes on the horizon