Start Date: 4/24/2024 9:00 AM MDT
End Date: 4/24/2024 10:30 AM MDT
Location:
United States
2023 was the first full year all financial institutions were expected to adopt CECL. To date, there has been fairly limited specific guidance from the regulatory agencies and accounting profession. This program will address how financial institutions have implemented CECL and explore the most common methodologies and implementation mistakes. CECL also includes some new concepts not in the prior incurred loss model, such as factoring in unfunded commitments and debt securities. Examples of how to cover these new requirements will be provided.
This session will also share lessons learned from the frontlines, including regulatory exam and external audit findings and 2024 expectations. This will encompass suggestions for successful CECL management as you move forward.
Bonus: Because CECL implementation and management have generated many questions, there will be additional time allotted for Q&A. You may also submit your questions ahead of time to the speaker directly at bob@riverpointusa.com no later than April 19, 2024.
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