The following scenarios describe ledger entries for adding ECL to an existing lot when you use asset-level expected credit loss (ECL) with a GAAP accounting basis.
WRITERS NOTE: need account numbers from SB
Book Asset-Level for US GAAP – AFS
The ledger entries follow for a GAAP accounting basis with an AFS (Available for Sale) regulatory category.
Ledger Account
Ledger Acct Name
Dr
Cr
5301000902
IMPAIRMENT EXPENSE FOR ECL-AFS
30
1310010419
ALLOWANCE FOR ECL-AFS
30
Book Asset-Level for US GAAP – HTM
The ledger entries follow for a GAAP accounting basis with an HTM (Held to Maturity) regulatory category.
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