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Business and Policy Areas
Business and Policy Areas

Advisory Report

August 29, 2011

Advisory Guidance 2011-02: Credit Quality Disclosures

Many independent institutions have questioned how the Financial Accounting and Standards Board's Accounting Standards Update (ASU) 2010-20, "Disclosures about the Credit Quality of Financing Receivables and Allowance for Credit Losses," impacts colleges and universities. NACUBO's sample disclosures seek to help institutions understand the ASU, which was issued to help financial statement users assess an entity's exposure to credit risk and evaluate its allowance for credit losses. The ASU notes that the relative significance of financing receivables to an entity's operations and financial position will determine the effect that the amended guidance has on an entity. Consequently, the impact on higher education institutions should be minimal.

View the full Advisory Guidance 2011-2 document here.


Sue Menditto
Director, Accounting Policy