Editing Financial Accounting Standards Board (section)

=== Credit losses ===
On June 16, 2016, the FASB issued an ASU that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU also amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration, and requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization's portfolio.<ref name="CLR">{{cite web|title=What is Credit Loss Ratio? definition and meaning|url=http://www.investorwords.com/12005/credit_loss_ratio.html|website=InvestorWords.com|access-date=1 November 2017}}</ref>