As a follow-up to last year's Making Sense of CECL: An Interactive Workshop, this 1-day workshop is for those who previously attended. Participants will share decisions and/or discoveries they have experienced since the workshop last fall.
Exploring the critical strategic side of CECL has received far less attention than CECL data-gathering and calculation methodologies. CECL is much more than a one-time adjustment to net worth and a change in accounting procedures. Its effects can reverberate all the way to the boardroom causing: A disconnect between financials and ultimate financial performance Increased […]
During this hands-on workshop (limited availability), attendees will navigate the uncharted waters of CECL together, using tools designed to explore various methodologies and implications to the credit union business model. You’ll work with your unique data and collaborate with other credit unions as you bring the various aspects of CECL into focus.
CECL is much more than an accounting issue and being focused only on compliance is shortsighted. The effects of CECL will transcend every area of credit unions and the implications, if they are understood, can be anticipated and prepared for. Communication with senior management is crucial to gain buy-in to these implications. C. myers has […]