Accounting for Purchased Loans
Jan 20, 2015
Adopting the current expected credit loss standard (CECL) will require a well-planned strategy and ample time dedicated to the operational and technical transition. For acquisitive financial institutions, the required efforts might be elevated, as CECL will change how public and private financial institutions account for these acquired assets. This infographic describes the four critical changes related to purchased assets under CECL, as well as a common misconception.
Download the infographic below to learn more.
4 Ways CECL Changes the Accounting for Acquired Loans