This e-Book, provided by Wolters Kluwer, details effective dates for all companies; provides information on upcoming workshops to help companies with implementation; describes the hurdles standing in ...

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 ...

Since the financial crisis struck in full force a decade ago, the nation’s financial system has been substantially reformed. Most of the reforms were fought hard by financial institutions, and while ...

PHOENIX, Feb. 12, 2025 /PRNewswire/ -- Current Expected Credit Loss (CECL) was intended to better reflect expected losses by lenders. Unfortunately, in most cases its application hasn't met the full ...

NORWALK, Conn. — The Financial Accounting Standards Board is considering whether to consolidate or delay the deadlines for smaller firms to comply with a contentious new credit loss accounting ...

Banks, credit unions, insurers and other financial institutions have been focused on the current expected credit loss accounting standard and its potential impact for several years, and with good ...

In an effort to reinforce the financial system, The FASB (Financial Accounting Standard Board) releases new regulations and policies from time to time. To ensure that financial institutions have ...

Strong performances by JPMorgan and Morgan Stanley, and disappointments at Goldman Sachs, dominated commentary around the 2019 US bank earnings calls in January. However, lurking in the background was ...