Many consumer industry companies extend credit or hold significant financial assets. If yours is one of them, it’s time to gear up for the current expected credit loss (CECL) accounting standard.

Financial institutions around the world are revising how they estimate credit losses, but institutions subject to the International Accounting Standards Board’s standards have gotten a head start on ...

There’s a lot being written right now about the Current Expected Credit Loss accounting standard, or CECL — but scant attention is going to a critical challenge facing many community banks in ...

Many industry leaders, influencers and stakeholders continue to question and raise doubts around the new accounting standard for Current Expected Credit Losses before it takes effect in 2020.

Two more service providers are joining forces to help finance companies navigate the complicated protocols associated with upcoming changes implemented by the Financial Accounting Standards Board ...

While mandated implementation might be delayed, Experian and Oliver Wyman are still looking to help auto finance companies meet the initial set of deadlines for the Financial Accounting Standards ...

FASB’s new model for impairment of financial instruments has cleared hurdles as the board pursues a different path than that of its international counterpart on expected credit loss. The revised ...

"Financial institutions across the board feel unprepared and overwhelmed with the new accounting standards on the horizon – in fact, many lack the historical data and technology required to meet the ...

NEW YORK and DENVER, May 8, 2018 /PRNewswire/ -- Situs, the premier provider of strategic business and technology solutions to the real estate and financial services industries, today announced that ...

NEW YORK--(BUSINESS WIRE)--Moody’s Analytics, a leading provider of financial intelligence and analytical tools, announced today that Raymond James Financial has selected the Moody’s Analytics Current ...

One of the "Five Things Every Financial Services Professional Needs To Know For 2018" goes by the acronym CECL, which stands for "current expected credit loss." Don't let the innocuous-sounding name ...

Although FASB’s current expected credit loss (CECL) standard will be a significant game-changer for the financial services industry, it is critical that companies that hold financial instruments ...