Simplicity is Aim as FASB Carves Out Alternative Approach for Credit Losses

The Financial Accounting Resource Center™ is a comprehensive research service that provides the full text of standards, the latest news from the Accounting Policy & Practice Report ®,...

The Financial Accounting Standards Board began Aug. 22 to chisel out an alternative approach on impairment of financial assets that would, if the board chairman's wishes are met, result in a simpler way to account for credit losses than another blueprint tried with international rulemakers.

Request Financial Accounting