Are You Prepared for CECL?

Audit & Accounting Compliance Lending Operations

On-Demand Webinar

StreamedDec 15, 2021Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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CECL – the acronym has been around a while now, but things are about to get real.

Regardless of where you are in your CECL preparation journey, it’s critical that you understand the potential impact to your institution and get prepared before the ALLL gets turned on its head.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Explain the new current expected credit losses (CECL) accounting standard
Understand the relevant regulatory guidance and resources
Distinguish between possible methodologies and calculations
Develop an implementation strategy
Know how to record the transition adjustment

WEBINAR DETAILS

The new CECL accounting standard is a game-changer in terms of the allowance for loan and lease loss (ALLL) methodology and calculation. Going from an incurred loss model today to an expected loss model tomorrow will most likely result in higher allowances for most financial institutions. It’s imperative that you understand how CECL will impact your financial institution and perform back-testing long before the required adoption in 2023. Are you prepared?

WHO SHOULD ATTEND?

This informative session is designed for individuals involved in the ALLL calculation and CECL implementation.

TAKE-AWAY TOOLKIT

Useful website links to CECL resources
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.