Aligns the accounting treatment of implementation costs incurred in a cloud computing arrangement that is treated as a service contract with the requirements to capitalize implementation costs incurred with respect to internal-use software.If fair value is less than carrying value, then goodwill is impaired and a loss should be recognized. The second step in the goodwill impairment test (ie, calculating the implied fair value of goodwill) has been eliminated for simplification purposes.Now you basically just compare the fair value of the reporting unit with its carrying value. Such assets are written off when they are entirely uncollectible.When expected credit losses decrease, the allowance for credit losses is decreased, and a credit loss expense is reversed on the income statement.When expected credit losses increase, an allowance for credit losses (ie, a contra-account) is booked at the reporting date to adjust the value of the asset, and credit loss expense is recognized on the income statement.The new guidance applies to assets measured at amortized cost (eg, receivables and held-to-maturity debt securities) and available-for-sale (AFS) debt securities, as well as finance leases and off-balance-sheet credit exposures (eg, financial guarantees).