FASB ASC 326 – CECL FAQs

In this report, we answer questions frequently asked by CPEA members as they assist clients implementing FASB Accounting Standards Codification (FASB ASC) 326, Financial Instruments--Credit Losses. These questions and answers are intended to help our members who may encounter similar issues on engagements. Some questions are blends of multiple CPEA member questions on a similar topic. While the fact pattern in a particular member question below may not exactly match the circumstances that a different member may be dealing with,