Financial Instruments: Credit Losses (ASC Topic 326) & Current Expected Credit Loss (CECL) Model Webinar
Overview
The implementation of ASC 326, or the Current Expected Credit Loss (CECL) model, continues to evolve as new standards refine its application. This updated course reflects the recent ASU 2025-05 guidance, which introduces new policies for measuring credit losses on accounts receivable and contract assets. You’ll gain the most current understanding of CECL principles, methodologies, and real-world implications to stay aligned with the latest FASB developments:
- Understand how ASU 2025-05 modifies credit loss measurement under ASC 326
- Explore the continuing impact of CECL on financial reporting and disclosure practices
- Learn key challenges institutions face during implementation and how to address them
- Review practical examples of how CECL updates affect financial statements across industries
Objective
To provide CPAs and other finance professionals with a practical understanding of the CECL model and its requirements, enabling accurate credit loss estimation, improved disclosure practices, and smarter decision-making in financial reporting.
Emphasis
- Core concepts behind the CECL model:
– Amortized cost
– Contractual life
– Available relevant information
– Risk of loss - ASU 2025-05: new policies around measurement of credit losses for A/R and contract assets
- Methodology considerations for accounts receivable
- Level of aggregation and developing the loss estimate
- Estimated industry impact upon adoption of ASC 326
- CECL implementation considerations and disclosure requirements
- Implications of the AFS Debt Security Impairment Model
Speakers
SPEAKERS
Dennis Dai, FAAS Manager, Derivatives and Financial Instruments, Ernst & Young LLP
Mark Levy, Global Head of Accounting Policy and Compliance, JLL
Barbara Ruane, Global Director of Revenue Recognition, JLL
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