NOT2440. CECL for NFPs (ONLINE ONLY)

This session will cover the fundamental concepts contained in ASU 2016-13, Financial Instruments - Credit Losses (Topic 326); Measurement of Credit Losses on Financial Instruments.  We will focus on how this standard impacts the requirements and methods for estimating credit losses for financial instruments that are common for not-for-profits and provide tips for how to prepare for implementation.

Learning Objectives:

• Understand the changes the CECL standard requires organizations to make to their method of estimating credit losses.
• Identify how the CECL requirements may impact not-for-profit organizations, including the financial reporting impact.
• Understand what not-for-profit organizations should do to prepare for implementing the new standard.
• Understand common challenges not-for-profits may encounter when implementing the CECL method of determined credit losses.