CECL’s the next big accounting standard to be adopted, and it will impact all companies - not just those in financial services. PwC provides answers to frequently asked questions on the FASB’s new credit losses standard. We address a range of topics, including the general accounting methodology, the reasonable and supportable forecast period, the application to collateral-dependent financial assets, and how to evaluate post-balance sheet information. Read here.
Think the new credit losses (CECL) standard doesn’t impact non-financial companies? We explain why it impacts all companies and share lessons learned.
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