Join us VIRTUALLY for our 5th annual CECL accounting workshop to learn about the complete CECL implementation process and the factors you will want to consider for your institution. Public institutions are experiencing significant obstacles in adopting CECL and dealing with the COVID-19 crisis and its affects. Let us walk you through how we can be your partner from implementation to calculation.
You Will Learn:
- Gain an understanding of proposed and updated changes to the standard
- Learn how to recognize and use credit quality indicators necessary for modelling and disclosures
- Learn the best practices in CECL implementation
- Learn the importance of data aggregation and the effects on your modeling and results
- Become familiar with how to monitor and use economic data as part of your analysis and forecasting
- Gain a detailed understanding of different CECL models including Discounted Cash Flow, Probability of Default and WARM Models
- Understand the importance of data aggregation and detailed models
- Understand how your data affects your model results and precision
- Understand what new policies, processes and controls may be necessary for you to implement
- Get a detailed roadmap of ARCSys CECL model availability and timelines for your implementation
- Learn the pitfalls of forecasting through a pandemic
CPE CREDIT:
- 18.4 CPE Credits for this series (Fields of Study: Accounting 8.2, Statistics 6.2, Economics 1.6, Auditing 1.2, Business Management & Organization 1.2)
- Level: Intermediate
- Instructional Delivery Method: Group Internet Based
- Prerequisites: Experience in bank accounting, lending, or analytics
- Advanced Preparations: None