Are You Ready for CECL Webinar August 6, 2019

Leading up to the economic crisis in 2009, institutions and financial statement users expressed concerns that the current accounting standard (probable threshold and incurred notion) restricted the ability to record credit losses that are expected of financial assets. The existing incurred loss methodology delays the recognition of credit losses on loans. After the economic crisis, various stakeholders noticed that the existing approach delayed the recognition of credit losses on loans and resulted in loan loss allowances that were too small and too late.┬áThese stakeholders requested…

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