IECA Webinar: CECL is here, but it's not over yet!

Presented by the CAEG CECL Working Group
Add to Calendar 2020-11-05 11:30:00 2020-11-05 12:30:00 IECA Webinar: CECL is here, but it's not over yet! Description International Energy Credit Association info@ieca.net America/New_York public
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Description

2020 brought us not only COVID-19, but also the new CECL (Current Expected Credit Loss) accounting standard for public business entities (PBE) that file with the SEC.  Unfortunately, we aren’t done with either one yet.  All other entities, including PBEs that are not SEC filers, smaller reporting companies (SRC), and private companies, need to be ready for CECL by 2023.  While 2023 seems like a long way away, it will be here before we know it and companies need to start preparing now.  In this webinar, we will take a look at how different companies reported their CECL reserves in 2020 and revisit some of the fundamentals of calculating Current Expected Credit Losses:

1.      The interaction between the primary components of the Expected Loss calculation, Probability of Default, Loss Given Default, and Exposure at Default.

2.      How collateral fits into the CECL calculation.

3.      What sort of “reasonable and supportable forecasts” of future economic conditions can we expect given the uncertainty caused by COVID-19.

Webinar Disclaimer: 
By registering for this webinar, you are aware that you will be using the Zoom platform to view this material. You hereby release and hold harmless the IECA and its Officers & Directors for any loss or liability relating to this platform, including for any materials compromised or loss of or damage to personal property or information technology due to the participation in this Zoom webinar. By consenting to view this IECA webinar on Zoom, you agree to assume any risks that may arise due to the Zoom platform, including but not limited to hacking, material compromise or other damages due to allowing Zoom to access your computer for the viewing of this webinar. By registering for this webinar, you are aware of the risks and expectations associated with participation in this online event.

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FREE for IECA members
$35.00 for Non-Members

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