New disclosures under CECL, the current expected credit loss model, might not be the top concern of financial professionals shifting to the updated accounting standard in 2023. Still, revisions to ...

The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by ...

Strong performances by JPMorgan and Morgan Stanley, and disappointments at Goldman Sachs, dominated commentary around the 2019 US bank earnings calls in January. However, lurking in the background was ...

Last week, the Financial Accounting Standards Board (FASB) unanimously voted to delay implementation of the Current Expected Credit Loss (CECL) accounting standard, but segments of the industry still ...

Russell Golden never set out to be a lightning rod for bankers. Golden, who recently wrapped up 16 years at the Financial Accounting Standards Board — the last seven as chairman — thought he would ...

A key proponent for changing accounting rules for loan losses has a new argument: Investors have lost confidence in the existing method. Speaking to more than 1,000 accounting professionals, Hal ...

FASB modified its credit losses standard Thursday, eliminating the accounting guidance for troubled debt restructuring by creditors and enhancing disclosure requirements for vintage disclosures.

“Those who fail to learn from history are doomed to repeat it.” Winston Churchill’s words should serve as a warning to the Financial Accounting Standards Board (“FASB”) regarding the Current Expected ...

To jump-start the US economy amid the COVID-19 crisis, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act on Friday, March 27. The $2 trillion package is meant to provide ...

Market conditions during the coronavirus pandemic prevent a definitive assessment of the impact of FASB’s new standard on accounting for credit losses, according to a Treasury report issued this week.