The implementation of the Current Expected Credit Loss (CECL) model was a significant undertaking for financial institutions, requiring meticulous planning and execution. However, even after implementation, the work isn’t done. Financial institutions must follow through with integrating budgeting with CECL modeling, detailed documentation of financial decisions, and more. In this article, our own Chad Scott and Matthew Jensen detail pitfalls to avoid in the coming years to ensure compliance. Read it here: https://ow.ly/ETWc50SELuG #CECL #financialinstitutions #compliance
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Get ahead on financial reporting! The FASB recently issued Topic 326 with the intention of providing clarity and transparency on the collectability of financial assets. Brittany DiPaolo, CPA discusses more on this update, the CECL Model, and implementation of the new standard in her article with NJCPA here 👉 https://loom.ly/ltUsvsI #wiss #FinancialReporting #CECL #finance #creditloss #update
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A Certified Financial Planner (CFP) is a professional designation awarded to individuals who have: 👉Completed extensive training and education in financial planning 👉Passed a rigorous exam 👉 Committed to ongoing education and ethical standards. Check out why working with a certified financial planner matters:https://hubs.la/Q02FWxQY0 #certifiedfinancialplanner #texasfinancialplanner #financialplanning
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Join Eide Bailly for session two of our Fall Accounting & Auditing Update on October 30. We’ll cover the Current Expected Credit Loss (CECL) model, its impact on debt securities, and recent changes in audit standards. Don’t miss this chance to stay compliant! #AccountingUpdate #FASB #Webinar
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Join Eide Bailly for session two of our Fall Accounting & Auditing Update on October 30. We’ll cover the Current Expected Credit Loss (CECL) model, its impact on debt securities, and recent changes in audit standards. Don’t miss this chance to stay compliant! #AccountingUpdate #FASB #Webinar
