Scope of this reference
Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.
- Authority
- Financial Accounting Standards Board
- Standard
- ASC Subtopic 326-20
- Version
- Codification content as verified 2026-09-11
- Where it applies
- United States GAAP
- Entities covered
- Entities applying US GAAP; bounded here to supplied financial assets measured at amortized cost
- Last source check recorded
- Sep 11, 2026
- Status recorded at review
- current
- Effective from
- Not specified in this record
Check the applicable effective dates and later amendments in the source before applying this reference.
Concepts using this reference (17)
- Accrued interest receivable
- Allowance for credit losses
- Collateral-dependent financial asset
- Credit-loss expense or benefit
- Credit-quality indicator
- Creditor accounting for a receivable modification
- Current-conditions, forecast, and reversion adjustment
- Expected credit loss
- Loss-rate method
- Pooled and individual credit-loss evaluation
- Purchased financial asset with credit deterioration
- Receivable aging schedule
- Receivable writeoff
- Receivables and credit-loss disclosure
- Recovery of a written-off receivable
- Subsequent-collection evidence
- Vintage disclosure
Instructional scope
The credit-loss packet reconciles the asset population, risk pools, historical information, current conditions, forecasts, reversion, expected recoveries, allowance activity, and disclosure populations. Calculations use supplied inputs and preserve the distinction between evidence and arithmetic.
Stop conditions
Pause if the asset scope, contractual term, pool design, source data, forecast, reversion, policy election, or effective date is unresolved. A reconciled allowance does not validate an unsupported judgment input.