CECL – Raising the Standards of Success

Posted in Current Expected Credit Loss: CECL News & Events, Perspectives.

Overview of the Rules CECL overhauls the current impairment models for loans, leases and debt securities, and also impacts commitments. It removes the “probable” threshold under the “incurred loss model” for recognizing credit losses. Firms will be required to report the current estimate of lifetime loan losses, incorporated into the Allowance for Loan and Lease… Read more »

FDIC FIL-41-2017 New Accounting Standard on Credit Losses: Frequently Asked Questions

Posted in Current Expected Credit Loss: CECL News & Events.

Frequently Asked Questions on the New Accounting Standard on Financial Instruments – Credit Losses —  Federal financial institution regulatory agencies release FAQs as support for examiners and institutions as they prepare for CECL implementation. (9/17) Click here to view FDIC FAQs Click here to download the PDF Source: Federal Deposit Insurance Corporation

FASB Accounting Standards Update, Receivables (Topic 310), Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses

Posted in Current Expected Credit Loss: CECL News & Events.

Receivables (Topic 310) – The main objective in this ASU is to provide greater transparency about an entity’s allowance for credit losses and the credit quality of its financing receivables. ( 7/10) Click here to view FASB’s Overview Click here to download the PDF Source: FASB Financial Accounting Standards Board

FASB Accounting Standards Update: Financial Instruments—Credit Losses (Topic 326) No. 2016-13 June 2016 Measurement of Credit Losses on Financial Instruments

Posted in Current Expected Credit Loss: CECL News & Events.

FASB’s Update on Measurement of Credit Losses — Main provisions of the Accounting Standards Update is to require assets to be measured at amortized cost. ( 6/16) Click here to view FASB Update Click here to download the PDF Source: FASB Financial Accounting Standards Board