NAA2339. CECL Implementation at Non-Financial Institutions

Attend this session to learn about key aspects of the FASB’s new credit impairment model for financial assets based on current expected credit losses (CECL) typically applicable for non-financial institutions. Topics covered include how the CECL model differs from the legacy impairment model, which financial assets are impacted, and what does CECL mean for the evaluation of trade receivables. Get up to speed on a new standard becoming effective for private companies in calendar year 2023.

Learning Objectives:

• Assess technical literature and other practice guidance relevant to addressing the topics covered in this session.
• Interpret significant points related to the credit loss model for financial assets for the recognition of losses.
• Evaluate related disclosure requirements.