FAS ASC 310-30 Accounting for Purchased Loans with Deteriorated Credit   (March 2013) - Wilary Winn

Published September 09, 2016

Version Two - Updated and Revised May 2013 

Accounting for purchase loans with deteriorated is relatively complex and this paper is for those who want to better understand its requirements and applications. We address the concepts behind FAS ASC 310-30, when it should be applied, how it should be applied, and provide best practices on implementation. Loan and pool level examples are included to demonstrate the effects of the accounting quarter over quarter. 

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