The principal sources of guidance on accounting for impairment in a loan portfolio under GAAP are:
- Statement of Financial Accounting Standards No. 114, Accounting by Creditors for Impairment of a Loan (FAS 114)
- Statement of Financial Accounting Standards No. 5, Accounting for Contingencies (FAS 5)
- The Financial Accounting Standards Board (FASB) Viewpoints article included in Emerging Issues Task Force (EITF) Topic D-80, Application of FASB Statements No. 5 and No. 114 to a Loan Portfolio (EITF D-80).