How the credit impairment standard impacts non-financial services companies

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In depth , PwC US Jun 11, 2018

CECL will impact more assets than you think, such as trade receivables. We summarize what you need to know.


Financial services companies will be broadly impacted by the FASB’s new impairment model for financial assets, but non-financial services companies also hold financial assets that will be subject to the new model, including trade receivables, loans, held-to-maturity debt securities, lease receivables, and financial guarantees. In addition, many non-financial services companies have available-for-sale debt securities portfolios that will be subject to a revised impairment model.

In depth 2016-07, The FASB’s new financial instruments impairment model, provides a detailed analysis of the new standard. This In depth highlights the provisions specifically applicable to consumer and industrial products and services companies.

To have a deeper discussion on the credit impairment standard, please contact:

Donald Doran

Partner, National Professional Services Group, PwC US


Michael Szafraniec

Senior Manager, National Professional Services Group, PwC US


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David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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