CECL (Current Expected Credit Loss)

A look at who the dramatic changes in the new credit losses standard affect and what it might mean for your company.

Show Notes

The changes to the accounting for credit losses are some of the most significant we’ve seen in decades. In this episode, Accounting Matters discusses what the Current Expected Credit Loss (CECL) model involves and the high-level areas you need to stay aware of if you haven’t adopted the standard yet (we’re talking to you, private companies), including:

• Who is impacted by CECL
• What the CECL model might mean for your company

And be sure to stick around for a conversation with our special guests, Embark consultants Robby Sundberg and Caroline Willet, on what movie CECL would be and why. You won’t find that in the FASB standards.

For more information on CECL:

• Preparing for the Current Expected Credit Loss (CECL) Model
• ASU 2016-13: Financial Instruments―Credit Losses

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What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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