Banks, credit unions, insurers and other financial institutions have been focused on the current expected credit loss accounting standard and its potential impact for several years, and with good ...

The implementation of the new Current Expected Credit Losses accounting standard, known as CECL, has proven to be difficult to understand for banks of all sizes — and smaller institutions have proven ...

Substantial losses suffered by both financial and nonfinancial entities during the financial crisis prompted the Financial Accounting Standards Board to consider changes to its guidance on accounting ...