The FASB has voted to set the effective dates for CECL. Public businesses that meet the definition of an SEC filer will be required to apply the guidance for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.
Other public businesses will be required to apply the guidance for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Private companies will be required to apply the guidance for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2021.
Please see this post for updated effective dates: http://www.alll.com/resource-center/fasb-takes-steps-toward-cecl-finalization/
The FASB has voted to set the effective dates for CECL. Public businesses that meet the definition of an SEC filer will be required to apply the guidance for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.
Other public businesses will be required to apply the guidance for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Private companies will be required to apply the guidance for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2021.