FASB has finally set the dates for Credit Impairment. Check out our white paper about the new changes approved by FASB.
We will be issuing several white papers over the coming months detailing steps you can take now to prepare for CECL as well as updates on methodologies, processes and policies. Early preparation for CECL will save you many hours of effort in the future and will lead to more powerful methodologies and less sleepless nights.
As we have spoken at many events throughout 2015 we have received a number of questions. This whitepaper answers two of them. How much data will you need and what happens to our unallocated reserves?