The Definitive Guide to CECL
How the Current Expected Credit Loss Accounting Standard Will Transform Your Business, and How to Navigate the Changes
The Current Expected Credit Loss accounting standard, known as CECL, represents the most significant accounting change the industry has ever seen. Institutions must completely transform not just the way they keep the books, but how they manage their entire business. This guide explains how the new standard works, what is required to comply, the biggest challenges involved and how institutions can proactively address the new standard.