The adoption of CECL in 2023 for most banks brings about a change in how certain loans are to be reported when there is a determination of Purchase Credit Deteriorated (PCD). This accounting impacts the recorded amount of the PCD loan as well as the amount subject to risk weighting.
Who Should Attend
Anyone responsible for assigning or reviewing the regulatory codes on loans, and anyone responsible for preparing risk-based capital, including loan officers, loan assistants, loan operations personnel, and Call Report preparers. This two-hour update will benefit even experienced Call Report preparers, reviewers, and auditors. This training can be used to supplement annual comprehensive Call Report training as recommended by the regulators.
Field of Study:Accounting
Prerequisites:Some basic familiarity with the bank's Call Report.
Continuing Education Credit Information
RC-C Loan Coding and RC-R Risk Weighting Loans 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.
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