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 ...

The debate over the Financial Accounting Standards Board's new loan-loss reserve model has been dominated by this question: How burdensome will the new standard, known as the Current Expected Credit ...

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 ...

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 ...

I entered banking almost three decades ago. My mentors then followed a 10-to-4 work schedule with a two-hour lunch in between. They were outstanding bankers, but they didn't keep too many loan files.

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 ...