What every Banker needs to know about CECL (Current Expected Credit Loss) Calculations

May 09, 2018 12:00pm -
May 09, 2018 01:30pm
(GMT-5)

Event Description

This is the third of the trifecta of changes that will be changing the face of financial reporting over the next three years (for public firms) and next four (for private firms).  The first is Revenue Recognition (2018), the second Leasing (2019) and finally CECL (2020) (Current Expected Credit Loss Calculation). Each of these will be required one year later for private firms.

This new standard is the most stealthy of changes.  While all the attention is being focused on the financial services industry, this change will effect every firm that receives anything other than US dollars for the their goods and services and have any investments other than US T-Bills.  Even if you settle by credit card or ACH you will need to set up an allowance for bad debt.

Bankers know how much work and expense is going into CECL preparation for their institution.  Think about your loan customer that has no idea of how to estimate this new number.  This is an opportunity to market your expertise and maybe recoup some of the expenses you incurred in developing your CECL implementation.

If you are a loan officer, credit officer, loan underwriter, accountant, financial analyst or loan reviewer you will need to be prepared on how to interpret the new statements. Otherwise you may be missing great opportunities to lend or invest. You may also miss out on opportunities to consult with the business community to get additional leads.

Attending this Loan Accounting Webinar you will gain

  • A High level understanding of the overall new standard
  • Implications of the new standard on the balance sheet and income statement of your clients
  • Implications for investments held to maturity
  • How to market the data your customers may need

REGISTRATION OPTIONS

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Category:NE Region Meeting
Early registration ends on Mar 26, 2018.
Regular registration starts on Mar 27, 2018 and ends on May 11, 2018.
Late registration starts on May 12, 2018.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00