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Financial Reporting Developments - Credit impairment under ASC 326


Our FRD publication on credit impairment under ASC 326  has been updated to clarify and enhance our interpretive guidance. This edition also incorporates our existing guidance on the application of ASC 326-20’s CECL impairment model to short-term receivables and contract assets relating to goods or services an entity sells to its customers. Refer to Appendix E within the publication for a summary of important changes.

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