Current Expected Credit Losses (CECL) - 2 Part Series

Tuesday, July 30, 2024
2:30 pm - 4:30 pm Eastern
Thursday, August 15, 2024
11:00 am - 1:00 pm Eastern

The new Current Expected Credit Loss (CECL) model is now effective for reporting entities. This 2 part series will provide an overview of the new guidelines.

Current Expected Credit Losses (CECL) Part 1 - An Overview
Tuesday, July 30, 2024 | 2:30 pm - 4:30 pm EST

This course will focus on the difference from the existing methodology. We will cover the reasons for the ruling, the application to asset portfolios, and review the most commonly used expected loss models.

What You Will Learn:

• Identify the difference between an incurred loss model and an expected loss model
• Understand U.S. GAAP guidance including relevant ASU’s
• Know which companies and portfolios the guidance applies to
• Understand the reporting requirements
• Develop an understanding of the use of several models for calculation of CECL
• Enhance your implementation process and data collection
• Clearly describe the difference in approach and impact of financial statements

Current Expected Credit Losses (CECL) Part 2 - Model Review
Thursday, August 15, 2024 | 11:00 am - 1:00 pm EST

This course will illustrate the most common expected credit risk models with a review of the calculations.

What You Will Learn:

• You will be able to identify the difference between an incurred loss model and an expected loss model
• Understand U.S. GAAP guidance and Current Expected Credit Loss calculations
• You will be able to identify the six main credit loss models
• Develop an understanding of the data and systems requirements for implementation of the credit risk models
• Be able to understand the complexity and accuracy of each model and its impact on CECL ALLL
• Clearly be able to describe the difference in approach and impact of financial statements 

Who Should Attend?  

This course will provide a solid foundation for all accountants, auditors, and those involved in financial reporting for financial institutions and other companies that extend credit through lease or other asset portfolios.

Field of Study:  Accounting

Skill Level:  Basic

Prerequisites:  None

Advanced Preparation:  None

Instructor

Paul Kern

Paul Kern holds a Master of Business Administration in Finance and a Bachelor of Science in Accounting degrees, and is a Certified Public Accountant, Arizona License #18270. Paul’s experiences include many decades of progressive hands-on managerial experience in the financial services sector. Paul has worked with some of the largest banks in the country in areas including accounting, finance, treasury, credit risk and interest rate risk measurement and management.

As an experienced Chief Financial Officer Paul has managed all the accounting, finance, planning, and human resources functions of both small and large companies, in addition to assisting in strategic planning and execution for the organization.

Paul has worked in both large and small organizations and has developed a keen intuition for understanding the drivers of success in an organization. His ability to translate complex accounting and financial situations into understandable actionable success sets him apart from most accounting and financial professionals.

Paul has been a lifelong advocate for education. His past experiences include serving as adjunct faculty at the graduate and undergraduate level for Regis University, undergraduate for Northern Arizona University, Maricopa Community College and even as the lead instructor for finance and accounting for the Golf Academy.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by OnCourse Learning (Total Training Solutions)

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.