The amendments in this Update require entities
to include expected recoveries of the amortized cost basis previously
written off or expected to be written off in the valuation account
for purchased financial assets with credit deterioration. In addition,
the amendments in this Update clarify and improve various aspects
of the guidance for Accounting Standards Update No. 2016-13, Financial
Instruments—Credit Losses (Topic 326): Measurement of Credit Losses
on Financial Instruments.
This Accounting Standards Update is the final
version of Proposed Accounting Standards Update 2019-710—Codification Improvements to Topic 326,
Financial Instruments—Credit Losses, which has been deleted.
Accounting Standards Update No. 2019-11
Issued: November 26, 2019