The Issue of Disclosures and the Proposed ASU – Codification Improvements – Financial Instruments
This is the third installment in a series of blog posts about the proposed ASU for codification improvements to ASU 2106-13, better known as the CECL standard. Click here to see the initial [...]
Shadow Loss Analysis: Running Parallel Methodologies
Many thanks to Nathan Kelly, SVP, Credit Risk & Reporting Officer, United Bank, and David Jaques, FVP, Credit Analytics Manager, Valley National Bank, for discussing their CECL journey and how partnering [...]
January 2019 Jobs Report: Is There Strength in Numbers?
The number of jobs created in January as revealed in the February 1 Bureau of Labor Statistics’ Employment Situation report could only be characterized as strong. The national economy added 304,000 [...]
FASB CECL Roundtable Recap – from January 28
On January 28, 2019, the FASB hosted a public roundtable on CECL intended to cover one main topic as well as a secondary topic. A large group was in attendance, with [...]
The Issue of Recoveries and the Proposed ASU – Codification Improvements – Financial Instruments
This is a second in a series of blog posts about the proposed ASU for codification improvements to ASU 2106-13, better known as the CECL standard. Click here to see the [...]
Proposed ASU – Codification Improvements—Financial Instruments – What’s New on the CECL Front?
When FASB released the CECL ASU in June 2016, the defining theme through the ASU was the flexibility given to preparers with regard to the new expected losses standard. Since this [...]
MST is Now Abrigo
We hope your 2019 is off to an exciting start! We know ours is… We are excited to announce that we are now Abrigo and together we are going to make big [...]
Short on New Years’ Resolutions? We’ve Got a Few Suggestions.
What were your New Year’s resolutions? With our sole focus being the allowance, you might guess that ours are all about getting you ready for CECL. So if you’ve come up [...]
December Jobs: An Unexpectedly Big Jump
The December Employment Situation report numbers from the Bureau of Labor Statistics showed a hefty 312,000 jobs added, well above the 180,000 expected. Revisions to the previous two months added another [...]
Mixed Economic Signals Suggest Cautionary Reasonable and Supportable Forecasts
Volatile is not a big enough word to describe what’s going on in the global financial markets. Markets both reflect and anticipate their economies. Tariff wars, interest rates, global political instability [...]
BPI Proposal Seeks to Soften CECL’s Impact on Earnings
With mandatory conversion to CECL from the present incurred-loss allowance model set to begin Jan. 1, 2020, financial institutions and their representative associations are alternately calling for delays in required implementation [...]
Two Things in Accounting Life Are Certain: Taxes and CECL
As we begin to look to the end of the year and think about taxes, have you thought about the impact of CECL on taxes? In this session at the National [...]