The Current Expected Credit Loss Model – What Bank CEOs, CFOs, and Controllers Need to Know has been saved
The Current Expected Credit Loss Model – What Bank CEOs, CFOs, and Controllers Need to Know
November 13, 2014 | 2:00 PM ET | 19:00 GMT
Banking & Securities
Host: Jade Shopp, Partner - Deloitte & Touche LLP
1.5 Intermediate CPE Credits | Specialized Knowledge & Applications
The Financial Accounting Standards Board's proposed current expected credit loss (CECL) model could significantly change the way banks account for loans and should accelerate recognition of credit losses on loan portfolios. What are potential impacts for your organization? We'll discuss:
- Major accounting changes that are likely to impact bank operations.
- How the impairment model may impact a bank's bottom line.
- Implementation considerations for a CECL model, including substantial investments potentially necessary in operations and loan accounting systems.
- Ways to reduce operational complexities in an already over-burdened financial reporting process.
Stay abreast of this important change and learn how the CECL model could impact your organization.