Examines the core principles of the Current Expected Credit Loss impairment standard.
Learning Objectives
Identify similarities and differences between current expected credit losses (CECL) and expected credit losses (ECL).;Recall the key pillars of CECL and how the new standard changes the allowance calculation.;Recall other aspects of CECL, such as purchased financial assets with credit deterioration.
Major Topics
Pillars of CECL;Historical loss period – contractual term;Data aggregation methods;Life cycle losses;Prepayments;Loan commitments
