|Event Date||Mon Jul 8 EDT (over 2 years ago)|
The new GAAP standard for determining credit losses will be taking effect for major financial institutions and other credit investors. This CECL model is expected to have significant impacts on banks and other financial institutions loss recognition, income and net worth. This program will explain what this is all about, how it will impact entities effected by this change and how you can better understand its impact.
Michael L. Gullett, CPA, CFP
Senior Vice President, Tax and Accounting, American Bankers Association
Bank Analysis, Federal Reserve Bank
Technical Director, Financial Accounting Standards Board (FASB)