News & Events

Four Key Questions When Estimating Current Expected Credit Losses (CECL)

BY ROBERT CHANG AND MARK JORDAN, FI CONSULTING Under the FASB current expected credit loss (CECL) accounting standard, public entities are required to estimate losses over the contractual term of the financial asset or group of financial assets. However, this requirement is eased to allow entities to make or obtain “reasonable and supportable” forecasts of......

Read More

Take An Integrated View of Mission, Cost, and Risk in…

BY JOSH MEIKRANTZ, FI CONSULTING Introduction Federal credit agencies expend resources—in the form of costs and risk— in order to achieve policy missions. While agencies measure program credit costs and performance against mission, typically these efforts are undertaken independently and risk is not considered at all. Government credit agencies should assess costs, mission, and risk......

Read More

In Depth

Sorry, no posts matched your criteria.

 

Blog

The Two Faces of Change: Current Expected Credit Losses

FI Consulting Manager, Joe Feldmann, was invited to speak at the 2014 Mortgage Bankers Association’s accounting conference on the recent Accounting Standards Update (ASU), Financial Instruments – Credit Losses, Subtopic 825-15.  Underneath the dryly named ASU is one of the most significant paradigm shifts to emerge in recent years from the accounting world (and, we......

Read More