Podcasts about cecl

This episode looks at whether companies have implemented the FASB standard on current expected credit losses (CECL) and also includes a discussion about PCAOB's recent emphasis on the importance of audits. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources:Financial Instruments — Credit Losses (Topic 326) — Purchased Financial AssetsAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group

Bank mergers and acquisitions are on the rise, with institutions looking to expand, scale technology investments, and enhance profitability. But the accounting side of these deals—Day 1 valuation, CECL modeling, and income recognition—can introduce unexpected complexities that impact deal success.In this episode, Abrigo Advisory's Neekis Hammond and Derek Hipp bring their accounting expertise to discuss key accounting considerations for M&A transactions, such as common pitfalls and how leveraging data can streamline the transition. Join us to learn best practices for banks preparing for future acquisitions.Helpful links:Whitepaper: Valuation and purchase accounting in a dynamic macroenvironment Webinar: Valuation and purchase accounting: Navigating the changing M&A landscapeAdvisory services: Bank Valuation Services - Purchase Accounting Services

The CFPB 1071 regulation has sparked plenty of debate and concern among financial institutions. Since our last 107 1 episode in March, there have been some key developments, including the Supreme Court's decision to uphold the CFPB's funding structure and the new administration's 60-day pause on the rule. We'll discuss how community financial institutions are responding—whether with resignation, adaptation, or continued hesitancy—and the practical steps they're taking to comply.Up next is an overview of CFPB 1033, the open banking rule, and what it means for community banks as they face new requirements for consumer data access and sharing. Learn how financial institutions can prepare, the role of technology in compliance, and how community banks can maintain their high-touch customer relationships while adapting to these changes. We'll also touch on what deregulation could mean for small business lending in 2025 and how banks can position themselves for growth.Our guest is Paula King, CPA, Principal Consultant for Abrigo Advisory Services. King assists financial institutions with CECL, credit processes, model validations, and more. A former banker and bank co-founder, she has held executive positions (CFO, Chief Risk Officer, and Chief Compliance Officer) and has more than 25 years of experience across all aspects of banking, including financial and asset/liability management, credit, services and product development, and director responsibilities.Helpful links:Webinar: Understanding the impact of CFPB 1071 on small business lendingBlog: The CFPB section 1071 effective dateSoftware: Small Business Loan Origination Software

Welcome to the Financial Institution Insights podcast. In the wake of the devastating California wildfires and other natural disasters, financial institutions need to understand how these events impact portfolio loss expectations and how to reflect those in CECL calculations and reserves. In this special episode of In the Know, BerryDunn's financial institution experts David Stone and Susan Weber review qualitative adjustments, individually analyzed loans, and forbearance agreements. Creating a natural disaster playbook now will ensure you are prepared for the next natural disaster to impact your portfolio.

Welcome to the Financial Institution Insights podcast. In this In the Spotlight series, hosts Susan Weber and Brooke Wells interview colleagues from BerryDunn's Financial Services Practice Group to explore their areas of expertise and interests. In this episode, we connect with Brooke Wells to hear about what led her to the financial services industry, and get her rundown of her top four restaurants in her new hometown of Nashville, Tennessee.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We wrap up our miniseries on loans and investments with a discussion of the accounting for equity interests, a topic that can impact companies across all industries.In this episode, we discuss:2:02 – Equity interests in scope of ASC 321, Investments—Equity Securities13:19 – Determining whether an equity interest has a readily determinable fair value15:10 – An overview of the “measurement alternative,” including:22:27 – Impairment of equity interests25:31 – Identifying observable transactionsFor more information, see chapter 2 of our Loans and investments guide. Also, check out our other episodes in this miniseries:Applying the CECL model to financial asset credit lossesAccounting for debt securities held by corporatesAccounting for loan receivables by corporatesAdditionally, follow this podcast on your favorite podcast app for more episodes.Chip Currie is a partner in PwC's National Office with nearly 30 years of experience assisting companies in resolving complex business and accounting issues. He concentrates on the accounting for financial instruments under both current and emerging standards and works with many of the firm's largest financial services clients and a number of non-financial services clients on treasury-related matters.Christopher Gerdau is a partner in PwC's National Office specializing in accounting for financial instruments and banking-related topics. Chris also conducts technical reviews of SEC filings and provides technical support to PwC's practice offices. Chris's client service expertise includes the banking, capital markets, and insurance industries.Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our miniseries on loans and investments with a discussion of the current expected credit losses (CECL) impairment model, applicable to a broad range of financial assets. In this episode, we discuss:3:42 – A refresher on the CECL model8:02 – Impact of the current economic environment on credit losses23:43 – Monitoring and governance of credit losses26:46 – SEC comment letters and other activity related to CECL30:49 – FASB developments related to CECL, including purchased financial assetsFor more information, see chapter 7 of our Loans and investments guide. Also, check out our other episodes in this miniseries, Accounting for debt securities held by corporates and Accounting for loan receivables by corporates. Additionally, follow this podcast on your favorite podcast app for more episodes. Catherine Espino is a partner in PwC's National Office with 20 years of experience serving large financial institutions, broker-dealers, as well as smaller subsidiaries and private companies. Catherine focuses on advising companies within the financial services and non-financial services sectors on significant and complex accounting issues.Bret Dooley is a Deputy Chief Accountant in PwC's National Office who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In episode 9, the guys are joined by DCG Quantitative Consultant, Chase Ogden.  Chase brings a wealth of experience to the discussion, and the trio investigate a panoply of subjects in the MRM space, including the importance of building out your data strategy to promote better decision making, thoughts from the CECL frontlines, and why there is always room for bankers to utilize quantitative results, with “humility.”For more insights and ideas, visit DCG at DarlingConsulting.com or follow us on LinkedIn.

Title: Credit Risk - NCUA's Top Exam Priority for 2024Key Points:- Credit risk is NCUA's #1 exam priority for 2024- Economic conditions are changing the credit risk environment - Trends show weakening credit quality and increasing delinquencies- Consumers have fallen behind inflation for over 2 years- NCUA is directing credit unions back to credit risk management fundamentals- Examiners will review lending programs, risk management practices, loan modifications, collections, and allowance for credit lossesGuests:- Steve Farrar - Former NCUA problem case officer and VP of Central Liquidity Facility- Todd Miller - Former NCUA examiner, capital markets specialist, and director of special actionsAdditional Notes:- Episode discusses NCUA's 2024 Letter to Credit Unions on exam priorities- Compares credit risk priority to previous years- Analyzes economic factors impacting credit risk like inflation, income growth, unemployment- Mentions potential issues in commercial real estate - Discusses implementation of CECL accounting standard- Notes NCUA's focus on concentration risk justificationThe show notes summarize the key points and guests from the episode while avoiding any direct quotes or reproduction of copyrighted material.

Welcome to the Financial Institution Insights podcast. In this episode of In the Know, David Stone and Susan Weber discuss statistics from the FDIC First Quarter 2024 Banking Profile, including net interest margin declines and deposit balance increases. They also share their takeaways from the annual Financial Manager Society Forum Annual Conference.

Welcome to the Financial Institution Insights podcast. In this episode of In the Know, David Stone and Susan Weber discuss an FDIC population migration report and a CECL milestone to celebrate. The team also shares updates from the FDIC Fourth Quarter 2023 Banking Profile, including declining income and loan and lease balance increases.

With Flying Colors: Focus on Credit RiskIn this episode, Mark Treichel invites Steve Farrar and Todd Miller to discuss the NCUA's focus on Credit Risk in its Letter to Credit Unions, as well as the impact of the current economic climate on credit unions and their clients. The hosts analyze various contributing factors to this issue, including increased loan delinquency, rising inflation, and changes in the job market. They debate the relationship between CECL and the state of the economy and express concerns about the consumer's current struggles relative to inflation and interest rates. The discussion ends with a reading of the NCUA's letter on Credit Risk, stressing the need for credit unions to review and adjust risk management processes and lending programs, among others.00:00 Introduction to the Special Episode01:01 Introducing the Guests: Steve Farr and Todd Miller04:45 Discussion on Credit Risk and NCUA's Priorities05:23 Deep Dive into Credit Risk Trends and Concerns09:37 Impact of CECL and Inflation on Credit Risk12:56 NCUA's Official Language on Credit Risk15:56 Conclusion and Sign Off

In this episode of 'Accounting Matters,' we guide private companies through key accounting developments, covering standards like CECL, simplified goodwill impairment, and supplier finance program disclosures. Additionally, we discuss what lies ahead in the new year.

Today's topic is what insurers need to know about CECL. And we're joined today by Theresa Meawad, senior director and head of Solutions Consulting at SS&C EVOLV.

In this week's episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss a topic that's been on a lot of CFOs' minds lately – ASC 326, better known as CECL. This time, it's private companies stepping into the batter's box, and our   resident GAAP gurus are here to provide all of the juicy details. So join in, won't you?!For more information on CECL and related topics:Preparing for the Current Expected Credit Loss (CECL) ModelASU 2022-02: Financial Instruments, Credit LossesASC 326, Financial Instruments—Credit LossesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

We're continuing our Industry Podcast Series with a dive into the current opportunities and challenges specific to financial institutions. The Current Expected Credit Loss (CECL) Accounting Standard ushered in a new era for financial institutions that they are still grappling with, but the industry's recent focus has shifted towards discussions about liquidity after the failures of Silicon Valley Bank and others. Join our financial industry experts Jeff Burleson, CPA, and Josh Bowen, CPA, CGMA, CAMS, CITP, as they discuss the evolving landscape for financial institutions and the continued influence of CECL, as well as strategies for driving stability, growth and adaptability in the face of change.  Special Guest: Justin Headley, CISSP, CISA, CDPSE, CRISC, member of the firm's Risk Advisory & Assurance Services GroupIn this episode, you'll hear: Discussion surrounding CECL and its implementationHow the 2023 failures of Silicon Valley Bank and Signature Bank led to shifts in liquidity managementInformation about how economic uncertainty has led to the tightening of lending practicesThe importance of third-party risk management within a financial institution's cybersecurity policyStrategies to help financial institutions manage staffing levels Resources for additional information:Blog: Don't Turn Your Back on CECLBlog: Current Expected Credit Loss (CECL) Standard Update: Best Practices for ImplementationBlog: What is Enterprise Risk Management?Blog: The Biggest Cyber Risks for Your Company and How to Manage ThemPrevious Podcast Episode: Employee Retention and Recruiting in Today's Competitive EnvironmentEvent Invitations: Subscribe to receive invitations to future Bank and Credit Union Roundtables.

Every Tuesday in August, Bret Dooley, Deputy Chief Accountant in PwC's National office, is taking over the podcast to share insights on financial instruments hot topics. In each 25-minute episode, Bret will discuss 5 things you need to know.In this episode, Bret shares insights on the current expected credit loss model, or CECL, and why it's not just for banks. All companies, regardless of industry, need to understand the requirements.In this episode, you'll hear:1:50 - A refresher on CECL3:34 - Insights on the impacts of CECL across industries7:03 - A discussion of how to apply CECL to various asset classes, considerations on estimation methodologies, and why companies should seek continuous improvement in the application of CECL9:32 - Key information to consider when preparing CECL disclosures 11:22 - How subsequent events could impact CECL estimates20:43 - An overview of the FASB's exposure draft that proposes changes to the accounting for purchased credit deteriorated assetsFor more information, read chapter 7 of our Loans and investments guide. Additionally, check out the prior podcast in this mini series.Bret Dooley is a Deputy Chief Accountant in PwC's National office and the financial instruments accounting leader. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues relating to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Heather Horn is PwC's National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Welcome to the Financial Institution Insights podcast. In our In the Know series, David Stone and Susan Weber share current trends and hot topics in the financial services industry. This episode focuses on the FDIC's First Quarter 2023 Banking Update, CECL adoption impacts on community banks, recession and yield curve inversion, and more.

Welcome to the CECL Radio podcast. In this episode, Susan Weber is joined by Rob Smalley for an important discussion about CECL model validation, how banks can maximize their value, achieve independence, and more.

This episode revisits current expected credit losses (CECL) and accounting for digital assets and cryptocurrency, and also discusses a proposed FASB standard on profits interests awards. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources:How will CECL affect your not-for-profit?AICPA Accounting for Credit Losses resourcesFASB Credit Losses informationFASB Issues Proposal to Clarify Accounting Guidance Related to Profits Interest AwardsValuing Cryptocurrency and Digital AssetsJumpstart Your Digital Assets Journey: A Tool for Audit CommitteesDeciphering Crypto Tax Issues

The new CECL accounting standard fundamentally changed the way that credit unions estimate loan losses and resulted in material equity adjustments for many. What are regulators focusing on? Is there one “preferred” methodology? What impacts has CECL had on financial statements?   Join us for a Q&A with Stephen Schiltz of CLA as he answers these questions and more about the newly implemented Current Expected Credit Losses (CECL) methodology. After the podcast, be sure to check out Steve's webinars about CECL:   CECL: What Auditors & Regulators Will Expect: https://fin-ed.info/42oZz5t TDR Comeback: Qualification Under CECL & End of CARES Act: https://fin-ed.info/3oKeGc7   Podcast listeners can use the coupon code CECL10 for 10% off both of these timely webinars. This coupon is valid through December 2023. Here is a quick break down of what is covered during the podcast: [1:35] How prepared were financial institutions for CECL's final implementation? [3:07] Is there one specific methodology that regulators will be looking for credit unions to be using? [4:39] Quantitative analysis vs. qualitative analysis. [7:08] TDR accounting under CECL. [9:34] Troubled loan modifications in the current economic environment. [10:39] What are the top two or three red flags that you've seen in CECL models being used right now? [12:44] Validating a forward-looking model with historical data. [13:50] Impacts of CECL on other than loans. [15:40] Impacts of CECL on a financial institution's financial statement.   Check out these links for more info! Speaker's Website: https://www.claconnect.com/en Questions? support@cuwebtraining.com Follow us on LinkedIn: https://www.linkedin.com/company/cuwn Like us Facebook: https://www.facebook.com/cuwebinars Tweet us on Twitter: https://twitter.com/cuwebinars Read our blog: https://cuwebtraining.com/blog

In this week's episode of Accounting Matters, Embarkers Adam Olsen, Zac Smith, and Nicole Harger discuss a topic that's been on a lot of CFOs' minds lately – ASC 326, better known as CECL. This time, it's private companies stepping into the batter's box, and our   resident GAAP gurus are here to provide all of the juicy details. So join in, won't you?!For more information on CECL and related topics:Preparing for the Current Expected Credit Loss (CECL) ModelASU 2022-02: Financial Instruments, Credit LossesASC 326, Financial Instruments—Credit LossesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Welcome to the CECL Radio podcast. In this episode, Susan Weber, Kaylyn Landry, and Brooke Wells discuss the ins and outs of CECL controls, including using a CECL controls checklist for easier implementation.

Welcome to the Financial Institution Insights podcast. In this In the Spotlight series, hosts Susan Weber and Brooke Wells interview colleagues from BerryDunn's Financial Services Practice Group to explore their areas of expertise and interests. In this episode, co-host Susan Weber turns the microphone on herself and shares insights from her banking career. As a CECL consultant, she is passionate about helping banks with project management, model documentation, methodology reviews, and board education.

After years of throwing the CECL “Message in a Bottle” back into the ocean, the Credit Union industry now must comply and set money aside from every loan in case things go sour.  Is this rainy day fund just in time, or will this regulation hinder the growth of Credit Unions big and small?  Michael Cochrum pilots the ship in this week's episode. He breaks down the history of CECL, how to use data to comply with the requirement, and talks about his professional data journey in the CU Movement.  Michael has worked in the Credit Union space for 32 years, most notably with the CUSO, CUDL, and is now the owner of Creative Market Resource Group, INC (CRMG Solutions) and CUBI.PRO, helping Credit Unions with data and business intelligence, among many other things.  Is building this “Ark”-a-techture (see what we did there) going to help stave off the impending financial flood, or will the funds required pull smaller CU's further under the surface?  Tune in and find out.     

Welcome to the Financial Institution Insights podcast. In this In the Know series, David Stone and Susan Weber share current trends and hot topics in the financial services industry. This episode focuses on CECL model risk management, rising interest rates, and what banks should consider.

This is a quick take on the NCUA's recent release of a simplified CECL Tool for Small Credit Unions. NCUA issued a press release on September 14th. Which put this tool out there for credit unions under a hundred million to utilize.In the press release that the tool is intended for use by credit unions with under a hundred million in assets, although it could be used by larger credit unions based on the discretion of their management and auditors. NCUA followed this up with about an hour long webinar, which is out there on YouTube: https://www.youtube.com/watch?v=mOCBF0d7SK4I'm going to highlight about six minutes of thatWebinar:Comments from NCUA Chairman Todd HarperComments from staff on what NCUA Examiners Will Look at in the exam regarding CECL.When a credit union over $100million may want to use this method - and what they might need to do if they opt to use it, such as reach out to their CPAs and possibly have their methodology validate, andmuch more.NCUA's press release on the CECL Tool: https://www.ncua.gov/newsroom/press-release/2022/ncua-releases-simplified-cecl-tool-small-credit-unionsNCUA's Link to the tool:https://www.ncua.gov/regulation-supervision/regulatory-compliance-resources/cecl-resources/simplified-cecl-tool

In our Toolkit podcast series, we take a deep dive into one accounting topic each month that goes beyond the basics and into areas that require judgment. This month, we are covering impairments – a complex topic with a variety of accounting and reporting considerations.In this episode, Heather Horn was joined by Bret Dooley, a partner in the National Office, and Shannon Detling, a partner in the Financial Markets practice, to discuss key considerations when working through the impairment accounting framework for financial instruments. In this episode, you will hear them discuss:0:38 - An overview of the impairment model for equity and available-for-sale debt securities6:07 - How current market conditions are impacting impairment assessments11:15 - Highlights of the current expected credit losses (CECL) model for amortized cost assets17:12 - Effect of macroeconomic trends when determining credit losses under CECL29:03 - Consideration of risks and relevant controls in the credit loss estimation process33:16 - Credit outlook for the future based on current trends38:12 - Key reminders for companies thinking through the impairment model for financial instrumentsWant to learn more? Refer to the first episode in our impairment toolkit series on inventory and other current assets, along with previous podcasts on impairment accounting, including accounting for goodwill and other impairments and answers to your impairment valuation questions. Stay tuned for more insightful episodes in the coming weeks.Bret Dooley is a Deputy Chief Accountant in PwC's National Office and the financial instruments accounting leader. He has over 25 years of experience specializing in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues relating to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Shannon Detling is a Partner within PwC's Financial Markets group, specializing in financial instruments, financial risk management, and financing transactions. He has extensive knowledge of capital markets, changing regulation and policy, and evolving market conditions. Shannon advises clients on how to achieve their objectives and assists them in execution from strategy through to operations, valuation, and reporting, including design, implementation, and integration of systems, processes, and controls.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Welcome to the CECL Radio podcast. In this episode, Susan Weber and David Stone, discuss the elimination of TDRs and new loan modification disclosures.

Welcome to the CECL Radio podcast. In this episode, Susan Weber and Lisa Openshaw discuss the CECL finish line and what comes next.

Rapid changes in the US economy are forcing consumer credit providers to shore up their balance sheets and operations for some rough waters. Amex's David Fabricant sits down with FEI to detail how one of the largest credit provider is bracing for any change. Special Guest: David Fabricant.

Welcome to the CECL Radio podcast. In this episode, BerryDunn's Susan Weber, Lindsay Francis, and Josh Clark discuss vendor models and SOC 1 reports.

Please join Consumer Financial Services Partner Chris Willis and his guests and colleagues James Stevens and Carlin McCrory as they discuss the consumer protection and safety and soundness sides of credit union regulation. The discussion includes topics on the National Credit Union Administration's 2022 consumer protection priorities, loan participations, the 2023 CECL implementation, and the regulatory impact of a recession on consumer loan portfolios held by credit unions.Troutman Pepper Corporate Partner and Financial Services Group co-leader James Stevens advises clients on corporate and regulatory matters. He has substantial experience in representing public and private companies, including banks, neobanks, marketplace lenders, payments companies, crypto and DeFi companies, and other fintech and financial services providers in connection with formation, licensing, sponsorship and program agreements, mergers and acquisitions, debt and equity financing transactions, joint ventures, and regulatory reporting and compliance.Associate Carlin McCrory is a regulatory, compliance, and payments attorney with experience representing financial institutions, fintechs, lenders, debt collectors, payment processors, neobanks, virtual currency companies, and mortgage servicers. Carlin regularly provides tailored compliance advice across a variety of topics, while also developing best practices strategies to help her clients advance their business goals. She routinely assists clients with vendor contracts from initial review of the agreement through termination, as well as drafting and reviewing clients' internal compliance policies and procedures.

“Serve your members while also maintaining and monitoring your loan portfolio.” - Dan PriceThank you for tuning in to episode 37 of The CUInsight Network, with your host, Lauren Culp, Publisher & CEO of CUInsight.com. In The CUInsight Network, we take a deeper dive with the thought leaders who support the credit union community. We discuss issues and challenges facing credit unions and identify best practices to learn and grow together.My guest today is Dan Price, President at 2020 Analytics. Dan was a guest on the podcast last year and in this episode we dive right into the state of the economy, CECL, and rising interest rates. Dan shares insights on how credit unions and members are affected by these factors along with inflation and housing affordability. He believes credit unions are well positioned to help borrowers in this economy as well as continue building trusting relationships. The team at 2020 Analytics aims to help credit unions grow assets, improve returns, and save time. Dan shares his specialized insight of data management and algorithms for credit unions in this period of economic uncertainty.In this episode, Dan speaks about the power of data and properly managing a diversified portfolio. Learn how data tracks the ripple effect of economic setbacks, such as the correlation between interest rates, unemployment, and delinquency. Dan explains that credit unions have the ability to be flexible when it comes to member purchasing power. He offers suggestions that maintain high-quality member service and also keep the pipeline open. Tune in to hear how 2020 Analytics plans to innovate for the future. Listeners will hear Dan emphasize the importance of using data to focus on creating convenience for borrowers. He also shares his thoughts on trends around risk management, member experience, and how credit unions can prosper in a bull market.As we wrap up the episode, Dan gives a huge shout out to his children, shares what he enjoys about Spotify's algorithm, and explains how he handles work-life integration. Enjoy my conversation with Dan Price!Find the full show notes on cuinsight.com.Connect with Dan:Dan Price, President at 2020 Analyticsdprice@ttadata.com https://ttadata.com/   Dan: LinkedIn | 2020 Analytics: LinkedIn  

Subprime Analytics president Ken Shilson appeared again on the Auto Remarketing Podcast to discuss what he thinks is one of the most important operational challenges buy-here, pay-here dealers are going to face before the end of the year. It's implementation of the Current Expected Credit Loss (CECL) accounting standards. Shilson offered recommendations for how both BHPH dealers and their accountants can get organized in order to comply with CECL, which goes into effect on Jan. 1.

In this episode, we are joined by Mike Umscheid, CEO of ARCSys. Mike is an expert in everything CECL and will be touching on what CECL means for TDRs. There have been many changes with Troubled Debt Restructuring since FASB issued an accounting standards update eliminating the model. We hope you enjoy expanding your knowledge on TDRs and it helps you be more well prepared for what is to come with CECL.

Glen examines the oft-delayed CECL accounting standard for estimating credit losses with TCT Risk Solutions' CEO Randy Thompson. He digs in to make a technical topic interesting by boiling repayment behavior down to everyday persona.

When discussing CECL — implementation of the Current Expected Credit Loss (CECL) accounting standards — Agora Data senior vice president of strategic relationships Jim Bass said bluntly during this month's Non-Prime Auto Financing Conference: “It's about to get real.” Bass, who also is chairman of the National Automotive Finance Association and host of that annual event in Plano, Texas, elaborated about why he made that assertion for this episode of the Auto Remarketing Podcast.

Welcome to the CECL Radio podcast. In this episode, members of BerryDunn's Financial Services Practice Group, Susan Weber and Kaylyn Landry discuss CECL governance and controls.

Welcome to the CECL Radio podcast. In this episode, members of BerryDunn's Financial Services Practice Group, Susan Weber and Ian Martell discuss CECL preparation.

Welcome to the CECL Radio podcast. In this episode, members of BerryDunn's Financial Services Practice Group, Susan Weber and Leah Clair discuss CECL model documentation and where to start.

Welcome to the CECL Radio podcast. In this episode, members of BerryDunn's Financial Services Practice Group, Susan Weber and David Stone discuss unfunded commitments and debt securities.

On this special Draft Day 2 edition of Nick & Cecil, it's Cecl's Superbowl part 2! Th guys breakdown all the teams leading up to the Broncos; pick at 64. Nick and Cecil give their predictions on who'd they like to see with both second-round picks (before we knew about Bonitto & Dulcich) and also if Paton will try and move up/back in the second-round as well! Plus, Cecil is very upset about Trey McBride. See omnystudio.com/listener for privacy information.

This week Heather Horn was joined by Bret Dooley, Angela Fergason, and Jay Seliber, partners in PwC's National Office, to discuss the FASB's recently released guidance that is effective in 2022.In this episode you'll hear them discuss:3:25 - CECL applicability for private companies and lessons learned from adoption by public companies5:34 - ASU 2020-06 related to debt and equity instruments that contain conversion features9:15 - ASU 2021-04 related to certain modifications of freestanding equity-classified written call options15:32 - ASU 2021-05 related to lessor classification of certain sales-type leases that result in a “day one” loss20:05 - ASU 2021-10 related to disclosures by business entities about government assistance29:01 - ASU 2021-08 related to contract assets and contract liabilities acquired in a business combination36:17 - ASU 2017-04 related to simplifying the test for goodwill impairment41:19 - New FASB guidance that can be adopted early in 2022Bret Dooley is a partner in PwC's National Office with over 25 years of experience specializing in the financial services, banking, and capital markets industries. He focuses on emerging financial reporting issues relating to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Angela Fergason is a partner in PwC's National Office with over 20 years of experience who specializes in accounting for revenue and employee compensation arrangements. She is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.Jay Seliber is a partner in PwC's National Office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Jay is presently PwC's representative to the FASB's Emerging Issues Task Force. Transcripts available upon request. Please send requests to us_podcast@pwc.com.

This episode covers CECL, accounting and auditing issues related to digital assets, cybersecurity disclosures, DOL's upcoming review of employee benefit plan audits, COP26 results, accounting for income taxes and more.  *** NOTE: To earn nano CPE credit for this episode, visit https://njcpa.org/nano. *** Related links:FASB reconsiders accounting for troubled debt restructuring by creditorsFederal Accounting Standards Advisory Board (FASAB) Interpretation 11, Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313AICPA Practice Aid: Accounting for and Auditing of Digital AssetsBreaking down COP26 announcements and their implicationsFASB ASU 2019-12, Income TaxesNaked credits and the interest expense limitation

CECL continues to remain at the top of mind for Financial Executives in the banking industry and in this episode of the podcast we speak to two professionals from the American Bankers Association that are at the forefront of those adoption efforts: Michael L. Gullette, Senior Vice President of Tax & Accounting and Joshua Stein, Vice President, Accounting and Financial Management Special Guests: Joshua Stein and Michael L. Gullette.

The current expected credit losses standard, or CECL, had been hotly debated in banking and accounting circles long before COVID-19 surfaced earlier this year. While the resulting market and economic disruptions caused by the pandemic delayed a full rollout of CECL, many financial institutions that had begun the hard work of incorporating the standard into their models are living through a real-life stress test of CECL's approach to accounting for credit losses. In this episode of the Financial Executive Podcast we speak with Amnon Levy, managing director and head of Moody's Analytics Portfolio and Balance Sheet Research group regarding what the current financial crisis reveals about financial credit models and the unintended consequences of CECL. Links: Incorporating Emerging Risks within Credit Models: Lessons from Sociological Reactions to COVID-19 (https://www.moodysanalytics.com/articles/2020/incorporating-emerging-risks-within-credit-models) Nonbank players are ready for CECL — are banks? (https://www.americanbanker.com/opinion/nonbank-players-are-ready-for-cecl-are-banks) Earnings Volatility, Share Price Performance, and Credit Portfolio Management Under CECL and IFRS 9 (https://www.moodysanalytics.com/articles/2019/earnings-volatility-share-price-performance) Special Guest: Amnon Levy.

This week we sit down with Brady Gailey, Managing Director of Equity Research at KBW. We discuss how COVID has impacted the world of bank M&A, the impact of the new CECL regulations, and the M&A trends he anticipates in the next couple years.  The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of CenterState Bank and its employees.  CenterState Bank, N.A. - Member FDIC

Today, we speak again with David Anderson, Advisory Director from KPMG, for an update on Current Expected Credit Losses, also known as CECL. For more information on this topic, please see - Preparing Finance Organizations for CECL and IFRS 9 Compliance: A Joint Solution from KPMG and SAS   About SAS SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

FEI's Committee on Corporate Reporting (CCR) recently release two ICFR: Insights, Issues, and Practices documents that address internal control considerations for preparers' adoption of both the new leases standard and the new current expected credit loss (CECL) standard. FEI's Managing Editor of FEI Daily Olivia Berkman spoke with Laura Phillips, Google - Director, Finance Compliance; CCR ICFR Working Group Leader, Matt Janzaruk, Procter & Gamble - Director, Finance & Accounting; CCR ICFR Leases Pilot Team Leader, and Craig Schmidt, Wells Fargo - Governance and Oversight Leader; CCR ICFR CECL Pilot Team Leader about what preparers can learn from these documents and their biggest takeaways from the experience. Special Guests: Craig Schmidt, Laura Phillips, and Matt Janzaruk.