Guarantees provided by a range of companies, including commercial companies, may be in the scope of the credit impairment standard. Review this Hot Topic to evaluate if you are affected by the credit impairment standard.
The FASB has issued guidance deferring the effective dates for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and other private companies, including not-for-profits and employee benefit plans.
Effective date for calendar year-end entity | ||
---|---|---|
Entity | Prior | New |
SEC filers that are not eligible to be smaller reporting companies | Jan 1, 2020 |
Jan 1, 2020 |
SEC filers that are eligible to be smaller reporting companies | Jan 1, 2020 |
Jan 1, 2023 |
Public business entities that are not SEC filers |
Jan 1, 2021 |
Jan 1, 2023 |
All other entities, including not-for-profits and employee benefit plans |
Jan 1, 2022 |
Jan 1, 2023 |
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