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. Some recent, tentative FASB decisions on the accounting treatment of purchased financial assets will impact acquisitive institutions when finalized. On October 2, 2024, FASB began deliberations on its 2023 purchased financial assets proposal, focusing on the scope of assets subject to the grossup model. The California Debt and Investment Advisory Commission (CDIAC) provides information, education, and technical assistance on debt issuance and public.