The new standard on current expected credit losses (CECL) came into effect in 2020 for SEC filers that are not smaller reporting companies. It substantially impacts all entities given that it applies not only to loans, but also to common items such as trade and other receivables.
This webcast is focused on the standard’s ramifications for non-lenders, including:
- Its application to acquired assets and common assets, including trade and other receivables, contract assets and debt securities
- A high-level overview of how it compares to pre-existing guidance
- Deeper dive into key aspects of the standard:
- Aggregating assets with similar risk characteristics
- Adjustments to existing methodologies that may be necessary
- Incorporating remote risks of loss
- Considering current conditions and reasonable and supportable forecasts
