The new CECL accounting standard fundamentally changed the way that community banks estimate loan losses and resulted in material equity adjustments for many. What are regulators focusing on? Is there one “preferred” methodology? What impacts has CECL had on financial statements?

Join us for a Q&A with Stephen Schiltz of CLA as he answers these questions and more about the newly implemented Current Expected Credit Losses (CECL) methodology. After the podcast, be sure to check out Steve’s webinars about CECL:

CECL: What Auditors & Regulators Will Expect: https://fin-ed.info/3qwbUry

TDR Comeback: Qualification Under CECL & End of CARES Act: https://fin-ed.info/3WQdctm

Podcast listeners can use the coupon code CECL10 for 10% off both of these timely webinars. This coupon is valid through December 2023.

Here is a quick breakdown of what is covered during the podcast:

[1:45] How prepared were financial institutions for CECL’s final implementation?

[3:17] Is there one specific methodology that regulators will be looking for banks to be using?

[4:47] Quantitative analysis vs. qualitative analysis.

[7:20] TDR accounting under CECL.

[9:44] Troubled loan modifications in the current economic environment.

[10:48] What are the top two or three red flags that you’ve seen in CECL models being used right now?

[12:51] Validating a forward-looking model with historical data.

[13:59] Impacts of CECL on other than loans.

[15:50] Impacts of CECL on financial statements.

Check out these links for more info!

Speaker’s Website: https://www.claconnect.com/en

Questions? [email protected]

Follow us on LinkedIn: https://www.linkedin.com/company/cbwn  

Like us Facebook: https://www.facebook.com/bankwebinars

Tweet us on Twitter: https://twitter.com/bankwebinars

Read our blog: https://financialedinc.com/blog