CECL Model: Strategies for Credit Loss Estimation
Join our two-day hands-on CECL Workshops in Seattle to understand the most important financial and accounting aspects. In December 2019, the Financial Accounting Standards Board (FASB) implemented its Accounting Standards Update on Financial Instruments – Credit Losses (ASC 326), known as the Current Expected Credit Loss (CECL) model.
This new impairment model fundamentally changed how banks estimate losses. It has significant implications for financial institutions and other entities holding financial assets and net investments in leases.
Challenges with Implementation/Improvement
Despite being in effect for several years, many organizations still struggle with implementing the CECL model. Perfecting their approach to comply with the accounting changes requires substantial effort. The impact on organizational processes and systems is considerable. It demands technical expertise, planning, and strategic implementation considerations.
About the Workshop
To help professionals understand and implement the CECL model, we have developed a one-day Impairment Workshop. This comprehensive course offers a clear roadmap for implementing the new CECL model. It highlights lessons learned from previous accounting changes. Furthermore, we discuss forward-looking practical and strategic implications of Topic 326. Additionally, we cover regulatory and other major accounting changes affecting it.
Key Learning Features
- Detailed overview of the CECL model, including scope, objectives, and key components
- Impact on financial and non financial institutions
- Considerations for different asset classes and alternative modelling options
- Data requirements for credit modelling
- Hands-on group case studies and examples for practical learning
- Effects on credit risk management, profitability forecasting, and investor disclosures
- Strategies to maximize returns under forward-looking risk and emerging industry practices
- Implementation issues related to revolving credit instruments, PCD assets, and DCF use
- Quantification methodology for the CECL model: segmentation, synergies, and reasonable forecasts
- Comprehensive understanding of the CECL model and its impact
- Application of learning to real-world situations with hands-on case studies
Our Global Program Schedule
Online | Dallas | Chicago | Zurich | Miami | San Francisco | Washington DC | Seattle | Las Vegas | London | Singapore | New York City | Seoul | Toronto
For More Information
Thank you for your interest in our CECL workshop! To register or learn more about our program, please contact our customer services team. Our team is available by phone, email, or online chat to assist you with any questions regarding the workshop, including pricing, schedule, location, and registration process.
Don’t miss this opportunity to stay ahead of the curve and enhance your professional skills. Contact our customer services team today to register for the CECL workshop and take the first step towards achieving your career goals. We look forward to hearing from you!
Instructor Bio
Our trainers have specialist knowledge and first-hand experience in implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, Risk management strategies, Valuations, Mergers & Acquisitions, Corporate Governance, Environmental, social, and corporate governance (ESG) reporting, Supply Chain Management, Prudential regulations, Compliance matters (such as Basel regulations, Solvency II, Anti Money Laundering regulations and a number of other evolving regulatory matters) and a whole range of professional development programs (e.g., Negotiations Skills, Presentation Skills, Data Management, Python, Block-Chain, Digital Assets, Becker CPA etc.)
This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained. They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentations of important concepts/approaches and case studies.
Instructor for this course
Shasat Faculty
Our Partners
Our Partners in Learning
Course Description
Session 1: Overview and Fundamentals of CECL
- Introduction to CECL and its objectives
- Comparison of Incurred Loss Model vs. Expected Credit Loss Model
- Understanding the scope and impact of CECL on financial institutions
- Limitations and drawbacks of the existing impairment model
Session 2: Credit Modelling and Data Requirements
- Modelling considerations by asset class
- Alternative modelling options, benefits, and challenges
- Data requirements and input variables for CECL modelling
- Case studies and examples to illustrate CECL modelling concepts
Session 3: CECL Implementation and Regulatory Impact
- Understanding the accounting and regulatory impact of CECL
- CECL’s impact on credit risk management and profitability forecasting
- Disclosures to investors under CECL
- Adapting strategies to maximize returns under CECL’s forward-looking risk
- Emerging industry practices and regulatory updates
Session 4: CECL Quantification and Methodology
- The importance of segmentation in loss quantification under CECL
- Synergies between the existing and CECL modelling
- Reasonable and supportable forecasts and data for CECL quantification
- Accounting for refinancing, prepayments, and subsequent recoveries under CECL
- Other issues and challenges in implementing CECL
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2024, Shasat
Why you must attend?
Are you prepared for the impact of the new Current Expected Credit Loss (CECL) model on your organization? Join our CECL workshop and gain valuable insights into the new accounting standards and how they will impact your organization. This workshop is designed for professionals who are responsible for credit risk management, accounting, and financial reporting, including CFOs, CROs, internal auditors, external auditors, and risk managers.
By attending this workshop, you will learn the key components of the new CECL model, including its scope, objective, and implementation challenges. You will also gain insights into the credit modeling considerations, alternative modeling options, and data requirements needed to successfully implement the new model. Our expert instructors will guide you through a series of real-world examples and group case studies to help you understand the impact of the new accounting standards on credit risk management and profitability forecasting.
In addition, you will learn about the regulatory and accounting impact of the new CECL model, including the disclosures required for investors. Our instructors will also share best practices for adjusting your strategies to maximize return under the new element of forward-looking risk. Don’t miss this opportunity to stay ahead of the curve and learn how to successfully implement the new CECL model in your organization. Register now and join us for this comprehensive workshop.
Teaching Methodology
The teaching methodology for the CECL workshop is carefully designed to ensure that you gain a deep understanding of the new CECL model and how it affects your organization. Our experienced instructors use a variety of teaching methods to make the learning experience engaging and effective. These methods include:
- Interactive Lectures: Our instructors use interactive lectures to deliver the course material in a way that allows you to learn at your own pace while also participating in discussions and asking questions.
- Real-Life Examples: Our instructors use real-life examples to help you understand how to apply the CECL model in practical scenarios. This approach enables you to see how the new standard affects your organization and prepares you to handle complex issues.
- Group Case Studies: Our instructors lead you through group case studies that challenge you to apply your knowledge of CECL to practical scenarios. This approach helps you develop critical thinking skills and prepares you to handle complex credit modeling challenges.
- Breakout Sessions: Our instructors facilitate small group discussions through breakout sessions, allowing you to interact with your peers and share insights. This approach promotes collaboration and helps you build professional connections.
- Assessments: Our instructors use assessments to test your understanding of the course material. This approach allows you to gauge your progress and identify areas where you may need additional support.
Overall, our teaching methodology is designed to help you become proficient in credit modeling and confident in your organization’s ability to implement the CECL model. We are committed to your success and will work with you every step of the way to help you achieve your goals.
Who Should Attend?
The CECL workshop is designed for a wide range of professionals in the financial industry who are involved in credit risk management, accounting, financial reporting, and auditing. This includes, but is not limited to:
- Accounting and Finance Professionals: CFOs, financial analysts, accountants, and other financial professionals who are responsible for the preparation and reporting of financial statements.
- Risk Management Professionals: Risk managers, credit analysts, and other professionals who are responsible for assessing and managing credit risk in financial institutions.
- Auditors: Internal and external auditors who are responsible for reviewing financial statements and assessing compliance with accounting and regulatory requirements.
- Regulators: Representatives from regulatory agencies who are responsible for overseeing financial institutions and ensuring compliance with regulatory requirements.
- Consultants: Professionals who provide consulting services to financial institutions on credit risk management, accounting, and financial reporting.
Whether you are new to the CECL standard or have experience with its implementation, this workshop is an excellent opportunity to deepen your understanding of the new requirements and gain practical insights into how to apply them in practice. Attendees will benefit from the expertise of experienced instructors and interact with peers from various organizations, making this workshop a valuable networking opportunity.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
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Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
