Insights
IFRS 9 IMPLEMENTATION LESSONS FOR CECL
CECL AND IFRS 9 ACCOUNTING STANDARDS The Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) model requires financial institutions to estimate lifetime expected
MAINTAINING VINTAGE LOSS RATE METHODOLOGY
CECL IMPLEMENTATION AND EARLY ADOPTERS The Financial Accounting Standards Board (FASB), in June 2016, issued the Accounting Standards Update (ASU) No. 2016-13, which introduced the
UNDERSTANDING LOAN CLASSIFICATIONS UNDER CECL
CECL IS APPROACHING In June 2016, the Financial Accounting Standards Board (FASB) provided us with a new expected credit loss accounting standard. The current expected credit losses methodology (CECL) was introduced by this new accounting standard to estimate allowances for credit losses. The
CURRENT WRITE-OFF RATES AND Q-FACTORS IN ROLL-RATE METHOD
THE CECL STANDARD Recognizing the limitations the US Generally Accepted Accounting Principles (GAAP) faced while calculating impairment losses on financial assets, the Financial Accounting Standards
TALES FROM THE FRONTLINE OF CECL IMPLEMENTATION – PART 2
LEARNING LESSONS FROM CECL IMPLEMENTATIONS INTRODUCTION More Lessons from the CECL front line In the last e-book, we collected the first set of articles based
TALES FROM THE FRONTLINE OF CECL IMPLEMENTATION – PART 1
LEARNING LESSONS FROM CECL IMPLEMENTATIONS INTRODUCTION CECL is now a reality for all banks and credit unions in the United States. Whether those institutions are
