Current Expected Credit Losses (CECL) Part 1 - An Overview

Tuesday, July 30, 2024
2:30 pm – 4:30 pm Eastern

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.

This course is designed to provide you with an understanding of the difference between the existing GAAP incurred loss model for recognizing credit losses and the new CECL model. We will review the changes in ASU’s related to the new guidance, along with the implications of these changes. The course will provide up-to-date information on reporting and implementation of the CECL models.

In addition, the course will explain the most common models for use and how to enhance their application to your CECL implementation as we identify the drivers and complexity of each model.

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

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.