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 June, 2017, this white paper is the third in a three-part series that presents the business benefits resulting from incorporating lifetime credit losses required under the CECL accounting standard into analyses designed to optimize the risk/return tradeoffs for a financial institution.
This January 2017 white paper is the second part of a three-part series that presents the numerous business advantages resulting from incorporating lifetime credit losses under the CECL accounting standard.
Released January 2017, this white paper is a part of Wilary Winn’s series of white papers regarding the Current Expected Credit Loss (CECL) Model and highlights best practices in collecting data for CECL.
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 ...
CECL Implementation
Updated November 28, 2016
Introduction
CECL represents a major change in the way financial institutions estimate credit losses. It requires an institution to estimate life-of-loan credit losses at the inception of ...
