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On July 14, 2021, FASB added two projects to its active standard-setting agenda—accounting for troubled debt restructurings and purchased credit deteriorated assets—and revived an on-hold project on vintage disclosures for the credit impairment model known as CECL. Rather than waiting for the post-implementation review to be completed, which can take several years, FASB will tackle these topics in a more expedited manner. This article provides details on the projects. 

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