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CECL webcast series for specialty finance companies
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Participants of the free live webinar will be eligible for 1.5 CPE credits.
In our two-part webcast series, RSM US LLP professionals will discuss the ramifications of the new credit losses standard (ASC 326-20—current expected credit loss, or CECL), with a specific focus on its implications for specialty finance companies.
On May 19, in part one of our two-part webcast, you will gain insights into the accounting guidance, review available models and learn how to prepare for implementation.
Key topics include:
- Scope and major provisions
- Practical expedients and policy elections
- Fair value option overview
- Example methods
- Planning for implementation and reminders
- Available resources
On May 26, in part two of our webcast series, join RSM professionals for a deep dive into the fair value option available under ASC 326-20 (CECL), with a specific focus on its implications for specialty finance companies. In this one-hour webcast, you will gain insights into the costs and benefits of this approach and the methods for calculating the fair value on loans.
Key topics include:
- An overview of the new credit losses standard
- Fair value option, including available methods and specific assumptions
- Observations
Learning objectives
Part 1 – ASC 326-20 (CECL) for specialty finance companies
By the end of this webcast, participants will be able to:
- Explain the implications of the new standard on credit losses (ASC 326-20) at their institutions
- Discuss relevant, available methodologies and models
- Describe how to plan for implementation of ASC 326-20
Part 2 – CECL and the fair value option for specialty finance companies
By the end of this webcast, participants will be able to:
- Recognize the implications of the new standard on credit losses (ASC-326-20) at their institutions
- Evaluate the fair value option as an alternative
CPE credits
RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.
RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Advance preparation: None | Program level: Basic | Prerequisites: None | Delivery method: Group internet-based
Part One – ASC 326-20 (CECL) for specialty finance companies
Field of study: Accounting | CPE: 1.5 CPE credits
Part Two – CECL and the fair value option for specialty finance companies
Field of study: Accounting | CPE: One CPE credits
