Deputy Seminar, Denver, CO
Comparison to Existing Guidance
• Current Guidance
• ASU 2016-13
Topic
Scope
Topic Scope ASC 326-20 Financial Instruments - Credit Losses - Amortized Cost (CECL)
ASC 450-20 (FAS 5)
Contingencies - Loss Contingencies
ASC 310-30
Receivables - Loans & Debt Securities - Acquired with Deteriorated Credit Quality
ASC 326-30
Financial Instruments - Credit Losses - AFS Debt Securities
ASC 310-10 Receivables - Overall ASC 320-10 Investments - Debt Securities
CECL Key Highlights
Recognize estimate expected credit losses over Remaining contractual life based on Historical experience Adjustment for current conditions Adjustments for reasonable & supportable forecasts Contractual life considers expected prepayments but excludes Expected extensions, renewals & modifications unless expected to happen in a TDR
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