Understanding the CECL – How Does It Affect You?

Written by Scott Stevens, CPA, CGMA FASB Issues New Guidance on Accounting for Credit Losses The Financial Accounting Standards Board (FASB) recently issued a new accounting standard that will change the way financial institutions calculate their expected allowance for credit loss.  Currently, the Allowance for Loan and Lease Losses (ALLL) model is based on incurred […]

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