brandy.aycock@mainstreet-tech.com

About Brandy Aycock

This author has not yet filled in any details.
So far Brandy Aycock has created 76 blog entries.

CECL Accounting: The good, the bad, and the complex (Update)

Financial institutions have complexity on their minds as they confront the transition to the new Current Expected Credit Loss (CECL) accounting standard for loan-loss estimates. Indeed, a recent survey found that nearly eight out of ten financial professionals cited increasing complexity and increase in demand on internal resources, including staff, as two of their biggest challenges in the move to CECL.  […]

2018-10-24T11:15:35+00:00August 28th, 2018|CECL|

MST 2018 Annual Lender Survey Tracks Progress as Financial Institutions Prepare for CECL Accounting Standard

Again this year MST used its annual survey to focus on the new ASU 2016-13 accounting standard, CECL (current expected credit losses), set for implementation in 2020 and 2021, which will dramatically change how banks and credit unions determine their reserves.  […]

2018-10-29T12:19:49+00:00July 20th, 2018|CECL|

CECL Disclosures: What’s Changing?

Again this year at the National CECL Conference, Dorsey Baskin, partner emeritus of Grant Thornton, explained how typical ALLL disclosures will change under CECL. Because financial institutions will account for their loss allowances differently under CECL than under the current incurred loss model, the Financial Accounting Standards Board (FASB) had to modify allowance disclosure requirements. […]

2018-11-01T09:10:42+00:00May 28th, 2018|CECL|

Subject Matters at the National CECL Conference

The sessions at the MST 2018 National CECL Conference are built around the most important and challenging CECL topics as they are emerging during the transition period. Each General Session will feature presentations by panels of leading CECL experts and interactive discussions among attendees. […]

2018-10-24T12:04:37+00:00March 2nd, 2018|Education|

A Team Approach to CECL Education

Dave Cogswell, Credit Administration Director of Chemical Bank explains why multiple team members are attending the National CECL Conference. Dave’s entire team at Chemical Bank is attending the National CECL Conference to gain understanding and exposure to the changes that CECL will bring. Not only will the Credit Administration team attend but also accounting. CECL will impact the entire financial institution, so getting everyone on the same page is imperative. […]

2018-10-24T12:22:37+00:00February 6th, 2018|CECL Education|

The Four Disciplines to CECL Compliance

Breaking down CECL into four disciplines may be an easier way for financial institutions to embrace CECL and the transition to this new accounting standard. MST Advisory Services approaches compliance with a blend of Accounting, Modeling, Economics and Engineering. Some of our Senior Advisors for MST Advisory comment on these four disciplines in this infographic. […]

2018-10-24T12:43:30+00:00January 12th, 2018|CECL Accounting|

2018 CECL Resolutions

As we begin a new year, our minds go to the things we want to accomplish in 2018, whether it be personally or professionally. Accordingly, for those faced with the seemingly daunting task of transitioning to the new and impending CECL standard, a few of the advisors of MST Advisory Services have come up with the following resolutions you may consider adopting: […]

2018-10-24T13:27:28+00:00January 2nd, 2018|CECL|