Insights

In March 2022, FASB eliminated TDR accounting for financial institutions that have adopted CECL.

In February 2022, FASB decided to apply PCD accounting to assets obtained in mergers and acquisitions for institutions that have adopted CECL. This avoids the double counting of credit losses for performing loans. In addition, FASB indicated that revised accounting could be applied to the purchases of seasoned loans.

FASB continues to deliberate on accounting for goodwill including testing it for impairment versus amortizing it over time. It appears it is leaning toward the required use of an amortization model.

The magnitude of the changes required by CECL have created uncertainty regarding how to implement it. The Office of the Comptroller of the Currency (“OCC”) updated its Bank Accounting Advisory…

Wilary Winn was recently interviewed for an article published in the July/August 2018 issue of Forward, a publication of the Financial Managers Society. The article, titled “Matchmaker, Matchmaker,” focuses on…

With all the ado being made about the CECL implementation – the two most important questions remain: How will it actually affect my existing allowance; and How can I use…

As we all well know, our beliefs about the world are shaped by our experiences. Like many of you, we have read numerous white papers on CECL and participated in…

For quite a while, it seemed that every change to GAAP was primarily directed at the financial institutions industry. While we in the industry have not been the recipients of…

We are about to enter our 15th year of business and I wanted to take the opportunity to thank our clients and our talented team. In many ways, it seems…

See our new whitepaper on Data Collection for CECL. Please also see our recently updated white papers on: Implementing the Current Expected Credit Loss (CECL) Model – includes an updated…