Examines the core principles of the Current Expected Credit Loss impairment standard.
Learning Objectives
- Learning Outcomes
- Recall the purpose, primary goal, and scope of the framework.
- Identify the primary benefits to valuation professionals and third parties.
- Recall the documentation requirements for fair value engagements.
- Identify the components of professional competence and professional skepticism.
- Identify the basic information required in a valuation report to comply with the framework.
Major Topics
Pillars of CECL;Historical loss period – contractual term;Data aggregation methods;Life cycle losses;Prepayments;Loan commitments
