United States

Current expected credit loss resource center

RESOURCE CENTER

FASB’s new CECL standard is a major compliance challenge for financial services organizations. RSM’s CECL Resource Center will help you prepare for one of the most significant accounting changes to confront financial services organizations in decades and one that presents a significant new compliance challenge.

CECL raises some key questions for financial services organizations, 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?

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.

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.

VIDEO

Impact of CECL on specialty finance companies

If adopted early, FASB’s new credit impairment model, or CECL, could have a significant effect on specialty lenders as soon as 2019.

RECORDED WEBCAST

Understanding FASB's new credit impairment model

Join RSM for an overview of FASB’s new credit impairment model—one of the most significant accounting standards banks have faced in years.

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.

RECORDED WEBCAST

Key year-end accounting and tax issues for financial institutions

From CECL to tax legislation, what do you need to know? Register now for our Nov. 15 webcast for key tax and accounting updates.

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.

FINANCIAL REPORTING INSIGHTS

Two working drafts: Allowance for credit losses implementation issues

The AICPA Financial Reporting Executive Committee is requesting comment on two working drafts discussing ASU 2016-13 implementation issues.

FINANCIAL REPORTING INSIGHTS

Proposed amendments to credit losses standard

On August 20, the FASB issued a proposal to amend the effective date of ASU 2016-13 for non-public business entities.

FINANCIAL REPORTING INSIGHTS

Recent tentative FASB decisions regarding credit losses standard

In July, the FASB tentatively decided to amend the effective date of ASU 2016-13 for non-public business entities.

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