Wiley GAAP: Financial Statement Disclosure Manual

21ASC 326 FINANCIAL INSTRUMENTS—CREDIT LOSSES

1. Technical Alerts
   1. ASU 2019‐10
      1. Guidance Regarding Effective Dates
   2. ASU 2016‐13
      1. Effective Date
      2. Transition
   3. ASU 2018‐19
   4. ASU 2019‐04
   5. ASU 2019‐05
      1. Guidance
      2. Effective Date
      3. Transition
   6. ASU 2019‐11
2. Authoritative Literature
   1. Subtopic
      1. Scope
   2. ASC 326‐10, Overall
   3. ASC 326‐20, Measured at Amortized Cost
      1. Estimating Expected Credit Losses
      2. Subsequent Measurement
   4. ASC 326‐30, Available‐for‐Sale Debt Securities
      1. Factors to Consider When Determining Impairment
3. Presentation and Disclosure Requirements
4. Presentation and Disclosure Examples
   1. Example 21.1: Accounting Policy—Adoption of ASU 2016‐13
   2. Example 21.2: Recently Issued Accounting Standards—Not Yet Effective
   3. Example 21.3: Credit Quality Disclosures (Source: ASC 326‐20‐55‐79)
   4. Example 21.4: Schedule of Past Due Loans

TECHNICAL ALERTS

ASU 2019‐10

Guidance Regarding Effective Dates In November 2019, the FASB issued ASU 2019‐10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates. The ASU grants private companies, not‐for‐profit organizations, and certain small public company SEC filers additional time to implement recent FASB standards on current expected credit losses (CECL).

ASU 2019‐10 Effective Dates
Topic	Public Business Entities That Meet the Definition of SEC Filers, Except Smaller Reporting Companies (SRCs) as Determined by the SEC as of November 15, 2019	All Other Entities
CECL (ASC 326)	Fiscal years ...