Current Expected Credit Losses (CECL) – 2 Part Series
The new Current Expected Credit Loss (CECL) model is now effective for reporting entities. This 2 part series will provide an overview of the new guidelines.
Current Expected Credit Losses (CECL) Part 1 – An Overview
This course will focus on the difference from the existing methodology. We will cover the reasons for the ruling, the application to asset portfolios, and review the most commonly used expected loss models.
Identify the difference between an incurred loss model and an expected loss model
Understand U.S. GAAP guidance including relevant ASU’s
Know which companies and portfolios the guidance applies to
Understand the reporting requirements
Develop an understanding of the use of several models for calculation of CECL
Enhance your implementation process and data collection
Clearly describe the difference in approach and impact of financial statements
Current Expected Credit Losses (CECL) Part 2 – Model Review
This course will illustrate the most common expected credit risk models with a review of the calculations.
You will be able to identify the difference between an incurred loss model and an expected loss model
Understand U.S. GAAP guidance and Current Expected Credit Loss calculations
You will be able to identify the six main credit loss models
Develop an understanding of the data and systems requirements for implementation of the credit risk models
Be able to understand the complexity and accuracy of each model and its impact on CECL ALLL
Clearly be able to describe the difference in approach and impact of financial statements
What You’ll Learn
Each webinar in the series will cover specific topics relative to the subject matter.
Who Should Attend
This course will provide a solid foundation for all accountants, auditors, and those involved in financial reporting for financial institutions and other companies that extend credit through lease or other asset portfolios.
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