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CECL Series: Data Inventory

5/2/2017 2:00 PM - 5/2/2017 3:00 PM Eastern Time (EST)

Examine data inventory within the transition framework. Data inventory includes the reliability and accuracy of data elements in addition to the historical time horizon of data availability. Understanding the availability and limitations of data to develop and maintain an effective CECL model is critical.

Getting ready for CECL: Live, five-part webinar series

With the issuance of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” in June 2016, the Financial Accounting Standards Board (FASB) replaced the incurred-loss model of estimating credit losses with the current expected credit loss (CECL) model.
For financial institutions, this new accounting model is the most significant financial reporting change in decades. Beginning in April, we hope you’ll join us for a live, five-part webinar series that breaks CECL down in an easy-to-understand format.
Hosted by Corporate One, Accolade, and Crowe Horwath LLP, this webinar series will be comprehensive yet digestible, reviewing important aspects your credit union will need to understand to remain compliant and successful.

Who should attend?

One of the overall goals of the webinar series is to help your credit union establish a “CECL committee.” Collaboration between departments is key to being fully prepared for the new rules. The people who should attend the webinar series and be on your CECL committee include staff from the following departments:

• Accounting
• Lending
• IT
• Risk
• Audit

Please contact Matt Murray, at 866/MyCorp1 ext. 9279 or mmurray@corporateone.coop with any questions.

You will be taken to an external website to register