This presentation, delivered at the CUNA Finance Council Conference in May 2023, focuses on the key accounting implications that a merger can have on credit union financial statements on day one and thereafter.
Released August 2020
Introduction
The four largest bank holding companies in the United States: JP Morgan Chase & Co., Bank of America Corporation, Citigroup Inc. and Wells Fargo & Company hold approximately $10 trillion in ...
Released May 2020
Introduction
This white paper, along with its predecessor, released last month, attempts to build an economic recovery timeline based upon medical initiatives currently underway to combat the COVID-19 pandemic.
This ...
This May 2013 paper addresses the concepts behind FAS ASC 310-30, when and how it should be applied, and provides best practices on implementation. Loan and pool-level examples, including journal entries, are included to demonstrate the effects of the accounting quarter over quarter.
Released August 2016
Introduction
CECL changes the accounting for purchased assets with deteriorated credit. Under ASC 310-30 these assets are defined as Purchase Credit Impaired, or “PCI”. PCI accounting is relatively complex when ...
