In-depth guidance on, and interpretation of, ASC 326. This latest edition includes guidance on ASU 2022-02 (troubled debt restructurings and vintage disclosures), with new interpretations and examples based on experience with companies implementing ASC 326.
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.
ASU 2016-13 (and related amendments) | ASU 2022-02 | |
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Annual and interim periods in fiscal years beginning after Dec 15, 2019 |
Annual and interim periods in fiscal years beginning after Dec 15, 20221 |
All other entities, including not-for-profits and employee benefit plans |
Annual and interim periods in fiscal years beginning after Dec 15, 20221 |
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Early adoption permitted? |
Permitted as of the beginning of the fiscal year |
Permitted for an entity that has adopted ASU 2016-13 as of the beginning of the fiscal year |
1 Entities that have not previously adopted ASU 2016-13 will adopt ASU 2022-02 at the same time that they adopt ASU 2016-13.
ASC 326-20
ASC 326-30
Relevant to ASC 326-20 and 326-30
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