While the number of new TDRs continues to decline many credit unions have numerous TDRs in various stages of recovery. This session will start with an introduction on the accounting rules and Day 1 accounting. However, the main focus will relate to Day 2 and future accounting and reporting of TDRs as now some TDRs may be in 2nd or 3rd TDR stage.
1. Gain an understanding of the general accounting and reporting rules for TDRs 2. Provide examples of Day 1 and 2 accounting for TDRs 3. Considerations for auditing TDRs