CURRENT WRITE-OFF RATES AND Q-FACTORS IN ROLL-RATE METHOD
THE CECL STANDARD Recognizing the limitations the US Generally Accepted Accounting Principles (GAAP) faced while calculating impairment losses on financial assets, the Financial Accounting Standards Board (FASB) issued the Accounting Standards Updates (ASU) 2016-13 to change its guidance regarding impairment of financial instruments. Also, the ASU introduced the current expected credit loss (CECL) model, which […]
