Closeup of a hand pulling out a wooden block in a tower.
Resources

ASU 2025-08: Changes to the Accounting for Purchased Loans

in 20 hours · 1 min read

AICPA MEMBER

ACCESS

Resource

available

On November 12, 2025, the FASB issued Accounting Standards Update (ASU) 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans. ASU 2025-08 changes the accounting related to acquired financial assets. Under current U.S. generally accepted accounting principles (U.S. GAAP), financial assets acquired through (1) a business combination, (2) an asset acquisition, and (3) the consolidation of a variable interest entity that is not a business are initially recorded at fair value, and an allowance for expected credit losses (ACL or

Download the ASU 2025-08 Changes to the Accounting for Purchased Loans

File name: ASU 2025-08 Changes to the Accounting for Purchased Loans.pdf

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.

Mentioned in this article

Topics

Accounting & Financial Reporting
Firm Practice Management

Subtopics

Center for Plain English Accounting
Manage preferences

Related content

    This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants.

    About|Terms & Conditions|Accessibility|Privacy Policy|Contact|Help|Site Map

    CA Do Not Sell or Share My Personal Information

    }