Accounting by Creditors for Impairment of a Loan—Income Recognition and Disclosures—an amendment of FASB Statement No. 114

Status

Issued:
October 1994

Effective Date:
For fiscal years beginning after December 15, 1994

Affects:
Amends FAS 114, paragraphs 8 and 11 through 15
Replaces FAS 114, paragraphs 17 and 20
Deletess FAS 114, paragraphs 18, 19, and 65

Affected by:
No other pronouncements

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:
SOP 01-6
PB 5
PB 6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
No EITF Issues

Interpreted by:
Paragraph 6(g) interpreted by EITF Issue No. 98-13
Paragraph 6(i) interpreted by EITF Issue No. 96-22

Related Issue:
EITF Issue No. 99-20


Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides