As we mentioned in our quarterly Newsletter, during the late summer the FASB had decided to defer the implementation date for its CECL, Leases, Hedging and Long Duration Insurance Contracts standards for certain types of entities. On November 15, 2019 the final standard for this change was issued. You can find a press release and links to the final ASU here. The press release includes this table summarizing the changes:
As always, your thoughts and comments of celebration are welcome!