Add ECL to Existing Lot Scenarios for US GAAP

Owned by Nancy Cohn (Deactivated)
Last updated: Dec 08, 2023
1 min read

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. 

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

Ledger Account

Ledger Acct Name

Dr

Cr

5001000902

IMPAIRMENT EXPENSE FOR ECL-AFS

30 

 

1010010419

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. 

Ledger Account

Ledger Acct Name

Dr

Cr

Ledger Account

Ledger Acct Name

Dr

Cr

5001000902 

IMPAIRMENT EXPENSE FOR ECL-HTM

30 

 

1010010419

ALLOWANCE FOR ECL-HTM

 

 30