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 ...
The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday that would expand the disclosures under its credit losses standard to give more information to investors ...
Apparently, federal lawmakers heard the concerns from banks, credit unions and finance companies about the challenges of preparing for significant accounting changes in connection with reserving for ...
Subprime Analytics president Ken Shilson appeared again on the Auto Remarketing Podcast to discuss what he thinks is one of the most important operational challenges buy-here, pay-here dealers are ...
Over the last eight years (longer if one were to consider the events, initial inquiries, comments and processes that got us there), there has been a significant shift surrounding how to account for ...
Deseret First Credit Union in West Valley City, Utah, raised its provision to $521,000 last year compared to $83,000 in 2021 and cited CECL implementation as the main reason. Credit unions bracing for ...
CARY, N.C., May 17, 2018 /PRNewswire/ -- Current Expected Credit Loss (CECL), the largest accounting change in history, will alter how banks estimate credit losses in their portfolio, and will have a ...
NEW YORK--(BUSINESS WIRE)--BCI Miami, the U.S branch of Chile’s Banco de Credito e Inversiones, has chosen Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) to provide software for managing ...
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