Project Update

Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20

Last updated on January 21, 2011.

(Updated sections are indicated with an asterisk *)


Project Objective
*Due Process Documents
*Decisions Reached at the Last Meeting
Board/Other Public Meeting Dates
Contact Information


Project Objective

The objective of this project is to change the effective date of disclosures about troubled debt restructurings in Accounting Standards Update No. 2010-20, Receivables (Topic 310): Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses, to be concurrent with the effective date for proposed Update, Receivables (Topic 310): Clarifications to Accounting for Troubled Debt Restructuring by Creditors.

*Due Process Documents

On January 19, 2011, the Board completed this project with the issuance of Accounting Standards Update No. 2011-01, Receivables (Topic 310): Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20.

*Decisions Reached at the Last Meeting (January 4, 2011)

See minutes below and Update 2011-01.

Board/Other Public Meeting Dates

The Board meeting minutes are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions become final only after a formal written ballot to issue a final standard.

January 4, 2011 FASB Board Meeting—Redeliberations
December 1, 2010 FASB Board Meeting—Agenda Decision and Deliberations

Contact Information

Holly Barker
Project Manager
hhbarker@fasb.org