This session will cover practical implementation of the CECL model, focusing on two key areas: risk identification and data inventory and methods and models of CECL application. Upon completion of this session, participants should be able to assess their organization’s status with respect to the FASB’s standard on credit losses.
Session learning objectives include:
Gain an understanding of how data and risk elements will affect your methods of segment/class allocation
Understand the difference between “Over the life Cycle’ models and “Reversion Models”
Understand how forecasting will work with different models and how different models can yield different allowance balances.