2024 Not-for-Profit Speaker Series: Current Expected Credit Loss (CECL) and How NFPs will be Affected

The new current expected credit loss, or CECL, standard affects how not-for-profit organizations evaluate financial assets such as loans, trade receivables, and investments. We discuss the new standard and how it applies to not-for-profit organizations, including considerations of methodologies for calculating the allowance, scope for not-for-profit organizations, required disclosures in the footnotes to financial statements, and the timeline for implementation.

Learning Objectives:

  • Understanding the new credit loss standard and how it will affect not-for-profit organizations
  • Calculating the CECL allowance
  • Implementation of the credit loss standard including disclosures in the footnotes to the financial statements

Amelia Crawford

Assurance Services

Director, Cherry Bekaert Advisory LLC

Roselle L. Bonnoitt

Assurance Services

Director, Cherry Bekaert LLP
Director, Cherry Bekaert Advisory LLC

Contributors

Amelia Crawford

Assurance Services

Director, Cherry Bekaert Advisory LLC

Roselle L. Bonnoitt

Assurance Services

Director, Cherry Bekaert LLP
Director, Cherry Bekaert Advisory LLC