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Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Federal Tax Reform: Opportunity Zones

Community Revitalization by Rewarding Private Investment

Section 199A Deduction for Pass-Through Entities

A Deduction of Up to 20% of Qualified Business Income

THIncIT

Leveraging Technologies to Improve 
Efficiency

How Can We Guide You?

Cherry Bekaert

FASB Issues Narrow Proposal for Credit Losses Standard

The Financial Accounting Standards Board (“FASB”) has released a proposal aimed to help banking institutions implement Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Narrow in scope, the proposed amendment would ease the transition to the credit losses standard by allowing the fair value measurement of certain bank assets.

Proposed ASU No. 2019-100, Targeted Transition Relief for Topic 326, Financial Instruments—Credit Losses, would permit banks to irrevocably elect the fair value option on an instrument-by-instrument basis for qualified financial assets that are measured at amortized cost when they adopt ASU No. 2016-13. The FASB said this change would improve the comparability of financial statement information that institutions provide, and it could lower costs for financial statement preparers while offering investors more useful information.

Comments on Proposed ASU No. 2019-100 are due Friday, March 8.