FASB’s CECL Model: How to Prepare Now
Jan 21, 2015
This webinar discusses proactive steps institutions can take in order to prepare for the Financial Accounting Standards Board's (FASB's) anticipated release of the new Current Expected Credit Loss Model (CECL). By transitioning to a model that requires institutions to calculate expected losses, data requirements and the complexity of the overall calculation will increase drastically. Institutions should examine their current data processes and determine whether or not they are sustainable given the demands that will come with the new accounting standards.