FASB’s proposed extension for qualifying entities has provided some relief to those impacted by ASC 326 or Current Expected Credit Loss (CECL). Those still concentrating on the January 1, 2020..

Did you say delay?

Yes.  The FASB has proposed a delay in the effective date for several major accounting standards (Hedge Accounting, Lease Accounting, CECL and Insurance Accounting).  This delay..

(Bloomberg Tax) - Public companies limped across the finish line to revamp their lease accounting earlier this year, but the hard work isn’t over yet.

The dynamic and evolving world of mergers and acquisitions (M&A) offers companies opportunities to:

CECL has been billed as the most profound accounting change to ever hit the financial services industry.  CECL impacts virtually every regulated and non-regulated Financial Institution (FI) in the..

Our CECL blog series has covered topics large and small. Today we take a step back and review one of the CECL “basics.”

Many stakeholders wonder why the CECL model requires an entity to recognize a credit loss for a financial asset that was just purchased at fair value.

As CECL’s effective date draws nearer, many now recognize that CECL requires an estimate of the expected credit losses over the life of the instrument be recognized on Day 1 and subsequent..

The financial crisis of 2008-2009 erupted across the globe, leaving a wide array of proposed regulations in its wake. Over the past seven years many regulations have been written and implemented..