ALLL / Fair Value

Fair Value

Methodology
Relating Fair Value and CECL: Misconceptions, Challenges, and Solutions
In just a matter of months, the coronavirus pandemic has had an unprecedented impact on the economy, upending financial institutions’ 2020 goals and business strategies. Now, banks and credit unions across the country must be nimble, making the necessary adjustments to meet the needs of the institution and its customers and members amid the pandemic.... Read more »
Fair Value
FASB Approves CECL Fair Value Option Change
Easing the transition to the current expected credit loss standard, or CECL, was the goal of a measure approved by the Financial Accounting Standards Board that provides entities the option to measure certain types of assets at fair value.

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Streamlining the new fair value disclosure requirement
A new Financial Accounting Standards Board (FASB) disclosure requirement makes several material changes to U.S. generally accepted accounting principles (GAAP). New requirements for determining the fair value disclosure of financial institutions’ loan portfolios are among the revisions.