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Implementing the CECL accounting standard for nonfinancial institutions
September 14 @ 11:00 am - 12:00 pm EDTFree
Participants in the free live webinar will be eligible for 1 CPE credit.
Wondering how the new current expected credit loss (CECL) standard will affect your organization? During this webinar, our audit professionals will discuss what you need to know to set yourself up for success.
The new current expected credit loss (CECL) standard (ASU 2016-13) is effective for years beginning after Dec. 15, 2022. It applies to financial assets measured at amortized cost, and it requires entities to record an allowance for expected lifetime credit losses when the financial asset is originated.During this webinar, our audit professionals will discuss what financial assets are impacted, how financial statements may be impacted, internal control considerations, and how organizations can set themselves up for success.
- Define the financial statement impact of the new CECL standard.
- Develop an understanding of changes to internal processes and controls needed to apply the CECL standard.
Plante & Moran, PLLC, 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or by visiting the website: nasba.org.