August 2020

Bank Accounting Advisory Series


This edition reflects Accounting Standards Updates (ASU) issued by the FASB through March 31, 2020. Because many ASUs have different effective dates for PBEs and non-PBEs, we have differentiated staff responses for new ASUs that have been or may be adopted by banks. Blue text boxes contain staff responses that were updated to reflect changes to GAAP and should not be read in conjunction with staff responses that are based on different accounting standards. This edition includes a new appendix A, “Newly Issued Accounting Standards,” which references new ASUs applicable to this edition of the BAAS.