This webinar provides an overview of the ASC 326 Financial Instruments – Credit Losses (CECL) accounting standard. Our speakers discuss the key changes from the legacy incurred loss model, what instruments are in scope under the new standard, and areas companies should focus on during implementation. While the new guidance impacts the financial services industry, many other industries have financial instruments or other assets that are subject to the CECL model.
Learning Objectives
- Obtain an overview of ASC 326
- Learn about what instruments are in scope and the key tenets of CECL
- Understand the basic considerations for the transition to CECL
- Learn how Available-for-Sale (AFS) securities are impacted
