A split-panel image. On the left, a tangled, confusing road labeled 'Old Rule' with a 'Day 1 Expense' storm cloud and a piggy bank looking sad. On the right, a simple, straight, clear path labeled 'New Rule' with 'Gross-Up Approach' signs, leading to a happy, stable piggy bank under a clear sky. The overall tone should be professional and illustrative.

FASB’s New Rules for Purchased Loans: A Simple Guide to the Big Changes

Byadmin

  Confused by accounting for purchased loans? You’re not alone. A new FASB rule is finally fixing a “double count” problem that has puzzled accountants for years. We explain the old flaw, the new solution, and what it means for you. Have you ever looked at a complex accounting rule and just thought, “That… doesn’t…