Ali Shan CPA Canada

Deloitte Roadmap Current Expected Credit Losses (2021)

This Roadmap provides Deloitte’s insights into and interpretations of the guidance in FASB Accounting Standards Update (ASU) No. 2016-13 (codified as ASC 326), Measurement of Credit Losses on Financial Instruments. The ASU adds to U.S. GAAP an impairment model known as the current expected credit loss (CECL) model, which is based on expected losses rather than incurred losses.

The Roadmap is available on the Deloitte Accounting Research Tool Web site.