United States

Ramifications of new standard on current expected credit losses (CECL)

RECORDED WEBCAST  | 

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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

Our Presentors:

Faye Miller

Partner

Michael  Gaiso

Senior Director


Learning objectives include:

  • Identify assets that are within the scope of the guidance
  • Recognize the need to aggregate assets with similar risk characteristics
  • Understand adjustments that may be necessary to existing methodologies
  • Identify key aspects including measuring remote risks of loss
  • Describe how to incorporate current conditions and reasonable and supportable forecasts into the estimate
  • Articulate application to acquired assets

Related Resources

RESOURCE CENTER

Current Expected Credit Loss (CECL)

FASB’s new CECL standard is a major compliance challenge for financial services organizations. RSM can help with these new standards.

Event details

Who should attend
CFO, finance executives

More information
Email us or call +1 800 274 3978