In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2016-13, Financial Instruments—Credit Losses (Topic 326). The ASU is the new impairment standard, ...

New disclosures under CECL, the current expected credit loss model, might not be the top concern of financial professionals shifting to the updated accounting standard in 2023. Still, revisions to ...

FASB’s new model for impairment of financial instruments is clearing hurdles as the board pursues a different path than its international counterpart on expected credit loss. The revised credit ...

FASB’s new model for impairment of financial instruments has cleared hurdles as the board pursues a different path than that of its international counterpart on expected credit loss. The revised ...

Many industry leaders, influencers and stakeholders continue to question and raise doubts around the new accounting standard for Current Expected Credit Losses before it takes effect in 2020. These ...

The Current Expected Credit Loss (CECL) model, the new Financial Accounting Standards Board standard for estimating credit losses on financial instruments, is to be implemented from next year for ...

WASHINGTON — Lawmakers appear consistently opposed to an overhaul of loan-loss accounting standards, saying the coming changes will hurt small lenders. But the prospects of their criticism turning ...

IFRS 9 and CECL herald a fundamental shift in the impact and incidence of accounting regulations on banks’ technology and process environments, largely because both standards affect the core business ...

One of the "Five Things Every Financial Services Professional Needs To Know For 2018" goes by the acronym CECL, which stands for "current expected credit loss." Don't let the innocuous-sounding name ...

The countdown to implementation of the current expected credit loss model (CECL) has begun. Banks and financial institutions around the world are grappling with how they will implement CECL when it is ...