The Headline Dates for CECL
When FASB released its Accounting Standards Update 2016-13 – Measurement of Credit Losses on Financial Instruments – in June of that year many in the banking...
Since Carillion PLC’s unexpected liquidation in last January, fallout from the news has rattled Britain’s construction industry and put the hundreds of companies that worked with Carillion at...
Last fall opponents of CECL (Current Expected Credit Loss) made one of their most strenuous efforts yet to derail the FASB initiative (ASU 2016-13 Financial Instruments – Credit Losses). They...
The imposition of CECL reporting, beginning in 2020, presents the US banking industry with unprecedented analytical and administrative challenges. It is no surprise that banks admit to...
Banking Community Looks to Canadian “Dual Filers” for Effects on Loan Loss Recognition
GAAP filers have until 2020 before they must make public their first attempts at estimating credit losses...