ASU 2018-19 — Codification Improvements to Topic 326, Financial Instruments—Credit Losses

This update releases Accounting Standards Update No. 2018-19—Codification Improvements to Topic 326, Financial Instruments—Credit Losses. This update is the final version of Proposed Accounting Standards Update 2018-270, which has been deleted.

Additionally, the amendments clarify that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2018-270—Codification Improvements to Topic 326, Financial Instruments—Credit Losses, which has been deleted.

Issued: November 15, 2018