Financial Reporting Resource Center: Financial instruments

Credit impairment

Financial Reporting Insights articles

• Updates to Coronavirus: Financial reporting considerations
• Temporary CECL relief for certain insured depository institutions
• Accounting for freestanding insurance contracts under ASU 2016-13
• Coronavirus: Financial reporting considerations
• ASU 2020-03 addresses various financial instruments topics
• Final interagency policy statement on allowances for credit losses
• Credit losses: FASB codifies SAB 119
• New broadly applicable financial instruments guidance taking effect
• SEC Staff Accounting Bulletin No. 119
• Narrow-scope amendments to credit losses standard
• ASUs defer various effective dates (including CECL & leases)
• Second FASB Staff Q&A document: Estimating expected credit losses
• Proposed narrow-scope amendments to credit losses standard
• FASB provides targeted transition relief for CECL
• Narrow-scope amendments to financial instruments standards
• CECL webinar: Weighted-Average Remaining Maturity (WARM) method
• FASB Staff Q&A document: Estimating credit loss reserves
• Recent developments associated with the credit losses standard
• Recent CECL developments

White papers and other resources

• Loan loss allowance for specialty lenders is a key due diligence issue
• ASC 326: Credit losses—Abbreviated readiness checklist for nonlenders
• A guide to accounting for investments, loans and other receivables (updated for new financial instrument guidance, including credit losses/CECL)
• New credit losses standard in a nutshell

Derivatives and hedging

Financial Reporting Insights articles

• Cash flow hedge accounting affected by the COVID-19 pandemic
• Updates to Coronavirus: Financial reporting considerations
• Coronavirus: FASB staff provides guidance on various issues
• Accounting guidance for the effects of reference rate reform
• Coronavirus: Financial reporting considerations
• Clarifying the interactions between ASC 321, ASC 323 and ASC 815
• Proposed clarifications to the derivatives and hedging standard
  
• ASUs defer various effective dates (including CECL & leases)
• Updates to our hedging guide for ASU 2019-04
• Narrow-scope amendments to financial instruments standards
• Additional hedge accounting benchmark interest rate permitted

White papers and other resources

• A guide to hedge accounting upon the adoption of ASU 2017-12
• Disclosures about offsetting assets and liabilities

Other financial instrument issues

Financial Reporting Insights articles

• Coronavirus: Lender accounting for PPP loans
• Webinar on interagency statement on loan modifications and reporting
• Temporary relief for financial institutions: TDR accounting
• Coronavirus: Interagency statement on loan modifications
• Accounting guidance for the effects of reference rate reform
• Accounting for freestanding insurance contracts under ASU 2016-13
• Coronavirus: Financial reporting considerations
• ASU 2020-03 addresses various financial instruments topics
• New broadly applicable financial instruments guidance taking effect

White papers and other resources

• Financial institutions: Fundamentals of LIBOR phase out and transition
• A guide to accounting for investments, loans and other receivables (updated for new financial instrument guidance, including credit losses/CECL)
• Accounting for mortgage purchase programs