On June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-03, Financial Instruments – Credit Losses (Topic 326). This new accounting standard, commonly referred to as the Current Expected Credit Loss Model (CECL), will have a substantial impact on all financial institutions and will dramatically affect the Allowance for Loan and Lease Loss (ALLL) calculation. Furthermore, the standard will negatively impact the net worth ratio for most credit unions. Join this crucial webcast for an in-depth understanding of the new standard and how it can impact your credit union. You'll explore ALLL methodology, interagency guidance and learn how to plan for CECL adaptation.
Already registered? Go to the Online Training Center to view live.
Dean Rohne, CPA, CIAPrincipal, CliftonLarsonAllen, LLP
Steve SchlitzPrincipal, CliftonLarsonAllen, LLP
On-demand webcast expiration date: January 10, 2018.
*On-demand webcasts are available for up to 12 months after the live broadcast, and are included in your registration price.
NCCOs will receive 1.5 CEUs for participating in this webcast.
NCRMs can earn 1.5 CEUs for participating in this webcast.
CPA credit information is below; recommended 1.5 CPE credits.
National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.
Our webcasts are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.
To qualify for a refund, cancellations must be processed prior to the live webcast date. Cancellations can be processed after the live webcast date, but refunds will no longer be issued and transfers would only be considered. Please email NAFCU's Member Service Center with your request for cancellation to firstname.lastname@example.org.