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Financial Reporting Resource Center: Financial instruments
Credit impairment
Financial Reporting Insights articles
- FASB project updates: ASC 326, Financial Instruments – Credit Losses
- OCC issues Comptroller’s Handbook on allowances for credit losses
- Ongoing updates to Coronavirus: Financial reporting considerations
- Lender accounting for PPP loans prior to loan repayment or forgiveness
- TQAs address COVID-19-related lender accounting issues
- 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
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)
Derivatives and hedging
Financial Reporting Insights articles
- FASB proposes to expand hedge accounting
- Accounting for modifications of call options, including warrants
- Accounting for warrants and other instruments issued by SPACs
- Early adoption of ASU 2020-06
- Elections required for LIBOR-based hedging relationships
- Updates to our hedging guide for reference rate reform
- FASB clarifies scope of reference rate reform guidance
- Proposal to clarify scope of reference rate reform guidance
- Convertible instruments and contracts in an entity’s own equity
- Coronavirus: Recent developments in financial reporting considerations
- 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)
White papers and other resources
- Optional accounting expedients can make LIBOR transition easier
- A guide to hedge accounting upon the adoption of ASU 2017-12
Other financial instrument issues
Financial Reporting Insights articles
- Financial institutions and the phase out of LIBOR
- Interest capitalization for mandatorily redeemable instruments
- COVID-19: Clarification on interagency statement on loan modifications
- Reevaluate debt securities with noncontingent call options
- Borrower and lender accounting for Main Street Lending Program loans
- ASC 860 legal isolation criterion for sale of participation under MSLP
- Small Business Administration's new FAQ on PPP loan forgiveness
- Convertible instruments and contracts in an entity’s own equity
- Optional accounting expedients can make LIBOR transition easier
- 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
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