BoardroomMeeting

Our Current Expected Credit Loss (CECL) resources provide the latest information, key insights, and examples to help your team take action and create a project plan that will meet compliance requirements.

Regulations

CECL Resources for Financial Institutions

There has been a lot of talk surrounding the Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) guidance point — but now it’s time to take action in preparation for the 2020 and 2021 implementation period.

We know and help financial institutions of all sizes calculate lifetime expected losses. Whether you need a tool to determine if you have losses, or have recognized your losses and now need to implement the standard, our resources provide the latest information, key insights, and examples to help your team create a project plan that will meet compliance requirements.

Contact us to learn how we can help you.

Effective dates

SEC filers — Annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years.

Other public business entities — Annual reporting periods beginning after December 15, 2020, including interim periods within those fiscal years.

Non-public business entities — Annual reporting periods beginning after December 15, 2021, including interim periods within those fiscal years.

Early adoption is permitted for fiscal years beginning after December 15, 2018.

Calculate my CECL allowance

Over Should Laptop CLA Calculation

CECL Allowance Calculator

Estimate the potential impact of the new ALLL accounting standard on your financial institution by pairing this interactive calculating tool with consulting support from CliftonLarsonAllen (CLA) professionals. Learn More

Learn about CECL

Articles and Blogs

BoardroomMeeting

Regulators Confirm WARM as Acceptable Method Under CECL

As we creep closer to the implementation date of CECL for public filers, there has been a significant amount of commentary related to the Weighted Average Remaining Maturity (WARM) methodology throughout the Banking and Credit Union industries.Read the Blog


FASB Approves WARM Methodology for CECL

With the implementation date for CECL getting closer by the day, financial institutions are slowly beginning to get more clarity surrounding acceptable methodologies that can be utilized to comply with the standard. Read the Blog


A Practical Guide for CECL Implementation in Community Banks

You’ve learned all about CECL — but now what? It’s time to establish your first steps toward implementation. Read the Article


Financial Institutions Face New Credit Loss Standard

Although the newly approved CECL standard will not be effective for a few years, institutions should construct an implementation plan now to prepare for the changes. Read the Article

CECL Prep and Implementation

Our white paper, created jointly with Sageworks, discusses the proposed current expected credit loss (CECL) model, and how financial institutions can determine how it will affect them and the resources they need to implement it. Learn More


What Financial Institutions Need to Know About FASB’s Proposed Model for Credit Losses

Banks and credit unions should understand the FASB’s proposed changes to the standard for calculating the allowance for loan and lease loss. Read the Article

Webinar recordings

Calculating Your Financial Institution’s CECL Allowance

CLA and Spotlight Financial have worked together to develop a CECL Toolkit to assist financial institutions in the implementation of the CECL standard. This webinar featured a demo of Spotlight Financial’s CECL Toolkit.

Estimating CECL’s Impact on Your Community Bank

Most CECL implementation discussions are theoretical and broad. That's why we took a closer look at community banks that have begun the implementation process to better summarize the traps to avoid and the advice worth considering.

The Final CECL Standard: Roundtable Discussion

Todd Sprang was a panelist for a roundtable discussion on the final CECL standard on July 7, 2016.

CECL Finalization and Methodologies

In the third installment of this webinar series, professionals from Sageworks and CliftonLarsonAllen provided the latest information, including revisions to the guidance, key insights and examples to help you prepare your institution for compliance.

CECL Workshop Series Part Two: Choosing Your Methodology, Understanding Vintage Analysis

In this webinar series, professionals from Sageworks and CliftonLarsonAllen provided financial institutions with the latest information, key insights and examples to help prepare for CECL.

CECL Workshop Series Part One: Crafting Your Implementation Plan

In this webinar series, professionals from Sageworks and CliftonLarsonAllen provided financial institutions with the latest information, key insights and examples to help prepare for CECL.

FASB’s CECL Model: Why Waiting for Changes May Cost You

This webinar will discuss ways to prepare for the impairment model which will be based on expected – not incurred – losses, the potential need for up to 1,000 times more data, and how using alternative methods to comply, like peer data, will result in added risk and subjectivity.