United States

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


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


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

CPE credit available

RSM US LLP is pleased to offer 1.5 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 70 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.

RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Advance preparation: None | Program level: Basic | Prerequisites: None | Delivery method: Virtual group live
Field of study: Accounting| CPE: 1.5 credits per webcast

Related Resources


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

Date and time
Thursday, Dec. 3, 2020
1 p.m. EST | Noon. CST
90 minutes

CPE credit
1.5 CPE credits will be issued to eligible participants


More information
Email us or call +1 800 274 3978