progression of building a paper plane
Professional Insights

Measurement of Credit Losses | NFP Section Ideacast

Sep 30, 2025 · 8 min watch

AICPA MEMBER

ACCESS

In this Not-for-Profit Section Ideacast, Paul Preziotti, partner at Johnson Lambert LLP, discusses FASB ASU 2025-05—Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets.

The guidance, which is optional, addresses challenges faced by stakeholders when applying Topic 326, Financial Instruments—Credit Losses, to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, Revenue from Contracts with Customers.

These challenges included the cost and complexity of developing a reasonable and

Reserved for AICPA® & CIMA® Members

Already a member of the AICPA or CIMA?

Log in with your account
 
Forgotten email
Forgotten password

Not a member of the AICPA or CIMA?

To gain access to exclusive content, your first step is to join the AICPA or CIMA.

Related content

}