Transition Resource Group for Credit Losses: June 2018

In depth , PwC US Jun 27, 2018

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Stay up-to-date with our summary of the Transition Resource Group for Credit Losses' latest meeting.

Overview

The Transition Resource Group for Credit Losses met on June 11, 2018 and discussed the following topics related to application of the current expected credit loss model with the FASB staff:

  • Capitalized interest when using a method other than a discounted cash flow method
  • Accrued interest and the reversal of accrued interest on non-performing financial assets
  • Transferring loans from held-for-sale to held-for-investment or credit impaired debt securities from available-for-sale to held-to-maturity
  • Expected recoveries from a financial asset that has been written off or may be written off in the future
  • Loan refinancing and prepayments

Some of these topics will be discussed by the FASB in July. These discussions may result in amendments to the standard.

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

Chip Currie

Partner, National Professional Services Group, PwC US

Email

Alan Lee

Partner, National Professional Services Group, PwC US

Email

Joscelyn Carlin

Senior Manager, National Professional Services Group, PwC US

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Michael Szafraniec

Senior Manager, National Professional Services Group, PwC US

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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group, PwC US
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