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Financial Reporting Developments - Credit impairment under ASC 326

14 Jan 2021 PDF
Subject AccountingLink

Overview

Our FRD publication on credit impairment under ASC 326 has been updated to reflect ASU 2020-03, Codification Improvements to Financial Instruments, and for the March 2020 FASB staff’s response to a technical inquiry related to the timing of insurance recovery recognition, among other items. Refer to Appendix E of the publication for a summary of the updates.

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