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 America/New_York public
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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: 
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FREE for IECA members
$35.00 for Non-Members