Current Expected Credit Losses (CECL) Part 1 – An Overview
July 30, 2024 | 1:30 pm – 3:30 pm CDT
This course will focus on the difference from the existing methodology. We will cover the reasons for the ruling, the application to asset portfolios, and review the most commonly used expected loss models.
What You’ll Learn
- Identify the difference between an incurred loss model and an expected loss model
- Understand U.S. GAAP guidance including relevant ASU’s
- Know which companies and portfolios the guidance applies to
- Understand the reporting requirements
- Develop an understanding of the use of several models for calculation of CECL
- Enhance your implementation process and data collection
- Clearly describe the difference in approach and impact of financial statements
Current Expected Credit Losses (CECL) Part 2 – Model Review
August 15, 2024 | 10:00 am – 12:00 pm CDT
This course will illustrate the most common expected credit risk models with a review of the calculations.
What You’ll Learn
- You will be able to identify the difference between an incurred loss model and an expected loss model
- Understand U.S. GAAP guidance and Current Expected Credit Loss calculations
- You will be able to identify the six main credit loss models
- Develop an understanding of the data and systems requirements for implementation of the credit risk models
- Be able to understand the complexity and accuracy of each model and its impact on CECL ALLL
- Clearly be able to describe the difference in approach and impact of financial statements
Who Should Attend
This course will provide a solid foundation for all accountants, auditors, and those involved in financial reporting for financial institutions and other companies that extend credit through lease or other asset portfolios.