Are you prepared for FASB’s New Impairment Requirements?

CECL is expected to be finalized by June 2016 with implementation likely due within 24 to 36 months. In our latest article, we describe the new standards set forth by the FASB and how the recent financial crisis highlighted the need for new standards.

Key highlights include:

  • Why the requirements are changing
  • What the new impairment model will be
  • How to develop an approach to satisfy the new impairment requirements

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