This December 2016 white paper is designed to share what we have learned since the new FAS ASC 805 purchase accounting rules took effect on January 1, 2009, and to address the most common questions we encounter.
This May 2013 paper addresses the concepts behind FAS ASC 310-30, when and how it should be applied, and provides best practices on implementation. Loan and pool-level examples, including journal entries, are included to demonstrate the effects of the accounting quarter over quarter.
Released August 2016
Introduction
CECL changes the accounting for purchased assets with deteriorated credit. Under ASC 310-30 these assets are defined as Purchase Credit Impaired, or “PCI”. PCI accounting is relatively complex when ...
Credit Union Merger Accounting Guidance
Released December 2016 - Version 3
Introduction
Following are some of the most frequently asked questions related to merger accounting that we have encountered over the past several years. We ...
