Chapter 9: Purchased financial assets with credit deterioration. Publication date: 31 May 2022.ASC 326's changes the accounting for credit losses. Let's take a look at the impact on purchased financial assets with credit deterioration. Today's topic is going to focus on current expected credit losses or Cecil and I think in particular in this episode we're going to discuss some current areas. • Part 6: Purchased Credit Deteriorated Loans. • Part 7: The Halfway Point.