Posted on Wednesday, June 28, 2023

The Financial Accounting Standards Board (FASB) published a request for comment on proposed GAAP Taxonomy Improvements for the Proposed ASU—Financial Instruments-Credit Losses (Topic 326): Purchased Financial Assets.  The proposed Update would require the application of that single accounting approach to all acquired financial assets (with exceptions) based on seasoning criteria. Comments are due by August 28, 2023.

 

Read the alert:FASB Staff Issues Proposed GAAP Taxonomy Improvements Financial Instruments - Credit Losses (Topic 326) Purchased Financial Assets (June 27 2023)



Upcoming XBRL US Events

Domain Steering Committee Meeting
Tuesday, September 16, 2025

Communications & Services Steering Committee Meeting
Tuesday, September 16, 2025

Standard Business Reporting (SBR): Dutch Banking Case Study
Monday, September 22, 2025

Digital Climate Reporting Roundtable: Reduce Reporting Burden, Produce Actionable Data
Monday, September 22, 2025