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AICPA Offers Guidance on Current Expected Credit Loss Standard

August 21, 2018

The American Institute of CPAs’ (AICPA) Financial Reporting Executive Committee, (FinREC) has posted a pair of working drafts on how accountants can deal with two issues related to the Current Expected Credit Loss standard that will be taking effect at the end of next year. FinREC issued drafts of two issue papers on Zero Expected Credit Losses and the Reversion Method: Estimation vs. Accounting Policy and is asking for comments on them. Click here for more information.