Topic 326 Financial Instruments—Credit Losses
E544872
Topic 326 Financial Instruments—Credit Losses is a U.S. GAAP accounting standard that establishes the current expected credit loss (CECL) model for measuring and recognizing credit losses on financial assets.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Financial Instruments—Credit Losses | 1 |
| Topic 326 Financial Instruments—Credit Losses canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T5772581 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Topic 326 Financial Instruments—Credit Losses Context triple: [FASB Accounting Standards Codification, includesStandard, Topic 326 Financial Instruments—Credit Losses]
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A.
IFRS 9 Financial Instruments
IFRS 9 Financial Instruments is an international accounting standard that sets out principles for the classification, measurement, impairment, and hedge accounting of financial instruments.
-
B.
IAS 32 Financial Instruments: Presentation
IAS 32 Financial Instruments: Presentation is an International Accounting Standard that sets out principles for classifying and presenting financial instruments as liabilities or equity in financial statements.
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C.
IFRS 7 Financial Instruments: Disclosures
IFRS 7 Financial Instruments: Disclosures is an international accounting standard that sets out detailed disclosure requirements to help users assess the significance of financial instruments and the nature and extent of related risks in an entity’s financial statements.
-
D.
IAS 36 Impairment of Assets
IAS 36 Impairment of Assets is an International Accounting Standard that prescribes procedures to ensure assets are not carried at more than their recoverable amount, requiring entities to recognize and measure impairment losses when necessary.
-
E.
IFRS 15 Revenue from Contracts with Customers
IFRS 15 Revenue from Contracts with Customers is an international accounting standard that sets out a comprehensive, principles-based framework for recognizing revenue from customer contracts across industries.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Topic 326 Financial Instruments—Credit Losses Target entity description: Topic 326 Financial Instruments—Credit Losses is a U.S. GAAP accounting standard that establishes the current expected credit loss (CECL) model for measuring and recognizing credit losses on financial assets.
-
A.
IFRS 9 Financial Instruments
IFRS 9 Financial Instruments is an international accounting standard that sets out principles for the classification, measurement, impairment, and hedge accounting of financial instruments.
-
B.
IAS 32 Financial Instruments: Presentation
IAS 32 Financial Instruments: Presentation is an International Accounting Standard that sets out principles for classifying and presenting financial instruments as liabilities or equity in financial statements.
-
C.
IFRS 7 Financial Instruments: Disclosures
IFRS 7 Financial Instruments: Disclosures is an international accounting standard that sets out detailed disclosure requirements to help users assess the significance of financial instruments and the nature and extent of related risks in an entity’s financial statements.
-
D.
IAS 36 Impairment of Assets
IAS 36 Impairment of Assets is an International Accounting Standard that prescribes procedures to ensure assets are not carried at more than their recoverable amount, requiring entities to recognize and measure impairment losses when necessary.
-
E.
IFRS 15 Revenue from Contracts with Customers
IFRS 15 Revenue from Contracts with Customers is an international accounting standard that sets out a comprehensive, principles-based framework for recognizing revenue from customer contracts across industries.
- F. None of above. chosen
Statements (35)
| Predicate | Object |
|---|---|
| instanceOf |
FASB Accounting Standards Codification topic
ⓘ
U.S. GAAP accounting standard ⓘ |
| abbreviation | CECL ⓘ |
| allows | use of various estimation methods for expected credit losses ⓘ |
| appliesTo |
certain off-balance-sheet credit exposures
ⓘ
financial assets measured at amortized cost ⓘ financial assets originated by an entity ⓘ financial assets purchased by an entity ⓘ financial guarantee contracts not accounted for as insurance ⓘ held-to-maturity debt securities ⓘ loan commitments ⓘ net investments in leases ⓘ reinsurance receivables ⓘ trade receivables ⓘ |
| codifiedBy |
Accounting Standards Update 2016-13
ⓘ
linked to:
Accounting Standards Updates
|
| effectiveFor |
nonpublic entities
ⓘ
public business entities ⓘ |
| establishesModel | current expected credit loss model ⓘ |
| governs |
measurement of credit losses on financial assets
ⓘ
recognition of credit losses on financial assets ⓘ |
| hasFullName | Financial Instruments—Credit Losses ⓘ |
| issuedBy | Financial Accounting Standards Board ⓘ |
| objective | to provide more timely recognition of credit losses ⓘ |
| partOf | FASB Accounting Standards Codification ⓘ |
| relatedTo |
ASC 310 Receivables
ⓘ
ASC 320 Investments—Debt Securities ⓘ
linked to:
ASC Topic 320
ASC 825 Financial Instruments ⓘ |
| replaces | incurred loss model for many financial assets ⓘ |
| requires |
allowance for credit losses for assets measured at amortized cost
ⓘ
consideration of current conditions in estimating credit losses ⓘ consideration of past events in estimating credit losses ⓘ consideration of reasonable and supportable forecasts in estimating credit losses ⓘ lifetime expected credit loss measurement ⓘ recognition of credit losses through an income statement allowance ⓘ |
| scopeExcludes | available-for-sale debt securities credit loss measurement under separate guidance ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Topic 326 Financial Instruments—Credit Losses Description of subject: Topic 326 Financial Instruments—Credit Losses is a U.S. GAAP accounting standard that establishes the current expected credit loss (CECL) model for measuring and recognizing credit losses on financial assets.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
FASB Accounting Standards Codification
→
includesStandard
→
Topic 326 Financial Instruments—Credit Losses
ⓘ
linked to: Topic 326 Financial Instruments—Credit Losses