ABA Section of Business Law
eSource
FASB Amends Impairment Guidance for Certain Beneficial Interests
- This short piece discusses the recently issued FASB Staff Position EITF 99-20-1, Amendments to the Impairment Guidance of EITF Issue No. 99-20 which provides that for beneficial interests in securitized financial assets, the holder must consider all information relevant to the collectability of the security in estimating future cash flows, such as information surrounding past events, current conditions, and reasonable and supportable forecasts.
