CECL Webinar with June 2016 Guidelines-Recorded Webinar
Order your copy of TBA’s CECL Webinar highlighting the June 2016 Guidelines. July’s live session sold out, so TBA is offering the recorded version. Upon purchasing, the entire session will be mailed to you on a USB drive.
On June 16, 2016, the Financial Accounting Standards Board (FASB) released the new standard for impairment for loans and debt securities. On June 17, 2016, the federal bank regulators released their new model for loan and debt securities impairment. FASB and the federal bank regulators worked closely on this new standard and agree on most impairment conclusions.
For loans, the impairment model will look into the future, beyond the balance sheet date. FASB has never had an impairment model use a reasonable future forecast. This webinar will teach you how to forecast for future losses.
On debt securities, FASB concluded that this new model will mandate impairment. FASB will require a new vintage loan table for the financial statements. The webinar will feature the changes in the new impairment model mandated by FASB and the federal bank regulators.
Examples are used throughout the webinar.
- Scope of the new model
- Purchased credit impaired loans
- Debt securities’ new rules
- Effective dates for public and private banks
Wynne Baker, CPA, CBA, CFSA, CFF, Member & Co-practice leader, Financial Institutions Industry Team, KraftCPAs PLLC, Nashville, TN
This webinar was developed for bank CEOs, CFOs, risk managers, loan officers, board members, and audit committee members.