6 Items to Know About Disclosure Reports

Jan 21, 2015

The FASB issued ASU No. 2010-20, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses in July of 2010. This update required a swift change surrounding disclosure requirements involving the credit quality of financing receivables and the allowance for credit losses. More than four years later, however, bankers’ interpretation of this update has been largely inconsistent and ineffective. This whitepaper discusses the reasoning behind the FASB update, the key items that the guidance mandates be disclosed and the challenges presented in generating these reports.

Whitepaper Asset:

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