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CECL Resource Center

What you need to know about the new CECL standard

FASB’s new CECL standard is a major compliance challenge for financial institutions. RSM’s CECL Resource Center will help you prepare.

On June 16, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This is one of the most significant accounting changes to confront financial institutions in decades and presents a significant new compliance challenge.

CECL raises some key questions for banks and credit unions, including:

  • How will you segment your loan and investment portfolios based on their risk characteristics?
  • CECL’s data demands—have you identified and are your systems ready to deliver the data you will need to comply with CECL?
  • CECL’s requirements – which methodologies best suit your loans and investments?
  • How will CECL affect accounting for mergers or acquisitions?

RSM’s following thought leadership offers key insights into what CECL means and what your institution needs to do now to prepare. Or learn how RSM’s Rapid Assessment® can put you on the fast track to CECL compliance.

MOST POPULAR INSIGHTS

FINANCIAL INSTITUTIONS INSIGHTS

How CECL affects financial institutions acquisition accounting

Understanding how CECL will affect accounting for loans and other assets during acquisitions will be vital for financial institutions.

  • John Behringer, Suzanne Marra, Frank O’Connor
  • |
  • June 01, 2017

WHITE PAPER

New credit losses standard in a nutshell

Brief and basic answers to key questions about the new credit losses standard that highlight what you need to know and consider now.

  • Mike Lundberg, Faye Miller
  • |
  • January 30, 2017

WHITE PAPER

Financial instruments: In-depth analysis of standard on credit losses

Analysis of ASU 2016-13’s new credit impairment guidance (e.g., the CECL model), including a comparison of the new guidance to the old.

  • Faye Miller, Mike Lundberg
  • |
  • August 17, 2016

INSIGHT ARTICLE

FASB issues final standard on credit losses

On June 16, 2016, the FASB issued its long-awaited new standard on credit losses, namely Accounting Standards Update (ASU) 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.

  • June 16, 2016

WHITE PAPER

Financial institutions need to think about CECL now to plan effectively

Understand the modeling, data and other choices you need to make to comply with CECL’s new approach to measuring and reporting credit losses.

  • John Behringer
  • |
  • August 31, 2015

INSIGHT ARTICLE

Specialty lenders need to start preparing for CECL now

Understand the choices specialty finance companies need to make to comply with CECL’s new approach to measuring and reporting credit losses.

  • Robert McMurry
  • |
  • October 17, 2016

Events/Webcasts

IN-PERSON EVENT

RSM and PCBB’s 2017 Executive Management Road Tour

  • September 25, 2017

RECORDED WEBCAST

Understanding FASB's new credit impairment model

  • June 30, 2016

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