Accounting Standards Update (ASU) 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets For Private Companies and Certain Not-For-Profit Entities (PCC), issued on July 30, 2025 is an important change to the current expected credit loss (CECL) model, offering entities options that will simplify and improve the process of preparing the estimate of expected credit losses related to current accounts receivable and current contract assets.
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Simplified Credit Loss Accounting: Implementing ASU 2025-05
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Download the CPEA Report - September 2025 - Simplified Credit Loss Accounting - Implementing ASU 2025-05
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