This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Heads Up: FASB Settles on Single Impairment Model for Financial Assets

Volume 19, Issue 33


DOWNLOAD  

This Heads Up discusses the FASB’s recently issued Proposed Accounting Standards Update (ASU) Financial Instruments — Credit Losses. The proposed ASU was issued to obtain feedback on the FASB’s current expected credit loss (CECL) model for accounting for the impairment of financial assets, which is a single impairment approach that would apply regardless of the form of the asset.

To read the Heads Up, click the Download button above. For past issues of Heads Up, visit the archive.

Heads Up, as well as other information on accounting and financial disclosure, is also available on Technical Library. A subscription-based accounting research tool, Technical Library contains material from the Financial Accounting Standards Board (FASB), Emerging Issues Task Force (EITF), American Institute of Certified Public Accountants (AICPA), Securities and Exchange Commission (SEC), and International Accounting Standards Board (IASB) in addition to Deloitte’s own accounting and SEC manuals and other interpretive accounting and SEC guidance. Updated every business day, Technical Library has an intuitive design and navigation system that, together with its powerful search features, enable users to quickly locate information anytime, from any computer. Technical Library subscribers also receive Technically Speaking, the weekly publication that highlights recent additions to the library. In addition, subscribers have access to Deloitte Accounting Journal entries, which briefly summarize the newest developments in accounting standard setting.

Stay Updated

Subscribe to receive Deloitte's Heads Up newsletters:

email  E-mail  |  Deloitte RSS Feed  Deloitte's RSS Feed (What is RSS?) | Twitter icon  Twitter 

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected