"FASB proposes a bevy of new disclosure provisions aimed at financing receivables. Will companies balk at the rules, despite already having most of the information on hand?
The Financial Accounting Standards Board has issued an ambitious new plan that will dramatically increase the volume and quality of the disclosures creditors will be asked to provide with respect "financing receivables." The plan takes the form of a rule exposure draft, and according to the proposal creditors will have to disclose their allowance for credit losses associated with the financing receivables..."
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Source: CFO.com
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