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Current Expected Credit Losses (CECL) Part 2 - Model Review

This course will illustrate the most common expected credit risk models with a review of the calculations.

OnDemand
Recorded Thursday,
August 15th, 2024
Presented by Paul Kern
2h total length
2 CPE Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

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This course is designed to provide you with an understanding of the methodology and differences between the various credit loss models which may be used for calculating expected credit losses under the new CECL guidelines.

We will cover the six most commonly used credit risk models and explore the requirements for implementation and use of each technique, reviewing the methodology and data requirements, and evaluating accuracy and applicability of each model.

The course is an essential step in the development of systems to address the calculation of current expected credit losses for implementation.

What You'll Learn

  • You will be able to identify the difference between an incurred loss model and an expected loss model
  • Understand U.S. GAAP guidance and Current Expected Credit Loss calculations
  • You will be able to identify the six main credit loss models
  • Develop an understanding of the data and systems requirements for implementation of the credit risk models
  • Be able to understand the complexity and accuracy of each model and its impact on CECL ALLL
  • Clearly be able to describe the difference in approach and impact of financial statements

Who Should Attend

This course will provide a solid foundation for all accountants, auditors, and those involved in financial reporting for financial institutions or other companies that extend credit through lease or other asset portfolios.

Field of Study:Accounting

Skill level:Basic

Prerequisites:None

Advanced Preparation:None

Paul Kern

Instructor Bio

Paul Kern holds a Master of Business Administration in Finance and a Bachelor of Science in Accounting degrees, and is a Certified Public Accountant, Arizona License #18270. Paul’s experiences include many decades of progressive hands-on managerial experience in the financial services sector. Paul has worked with some of the largest banks in the country in areas including accounting, finance, treasury, credit risk and interest rate risk measurement and management.

As an experienced Chief Financial Officer Paul has managed all the accounting, finance, planning, and human resources functions of both small and large companies, in addition to assisting in strategic planning and execution for the organization.

Paul has worked in both large and small organizations and has developed a keen intuition for understanding the drivers of success in an organization. His ability to translate complex accounting and financial situations into understandable actionable success sets him apart from most accounting and financial professionals.

Paul has been a lifelong advocate for education. His past experiences include serving as adjunct faculty at the graduate and undergraduate level for Regis University, undergraduate for Northern Arizona University, Maricopa Community College and even as the lead instructor for finance and accounting for the Golf Academy.

Continuing Education Credit Information

Current Expected Credit Losses (CECL) Part 2 - Model Review has been approved for 2 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.

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