c. notes – Life After CECL: 3 Strategic Ramifications to Consider
February 28, 2018
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 volatility in the financials in an economic downturn
- A significant mindset shift in how success is measured
Don’t let CECL undermine the strategic focus of the credit union. To read this article and others, please visit our c. notes page.