Are You Prepared for CECL?

(90-minute webinar – available live or on-demand)

Wednesday, December 15, 2021

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central     3:00 PM Eastern

CECL – the acronym has been around a while now, but things are about to get real.  Regardless of where you are in your CECL preparation journey, it’s critical that you understand the potential impact to your institution and get prepared before the ALLL gets turned on its head. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Explain the new current expected credit losses (CECL) accounting standard
• Understand the relevant regulatory guidance and resources
• Distinguish between possible methodologies and calculations
• Develop an implementation strategy
• Know how to record the transition adjustment

WEBINAR DETAILS

The new CECL accounting standard is a game-changer in terms of the allowance for loan and lease loss (ALLL) methodology and calculation. Going from an incurred loss model today to an expected loss model tomorrow will most likely result in higher allowances for most financial institutions.  It’s imperative that you understand how CECL will impact your financial institution and perform back-testing long before the required adoption in 2023.  Are you prepared?

WHO SHOULD ATTEND?

This informative session is designed for individuals involved in the ALLL calculation and CECL implementation. 

TAKE-AWAY TOOLKIT

• Useful website links to CECL resources
• Employee training log
• Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

Supporting Documentation for the ALLL

on Thursday, June 10, 2021 

Commercial Loan Annual Credit Review

on Tuesday, December 14, 2021

Call Report Basic Lending Schedules:
Coding, Classifications & Loan Loss Allowance

on Thursday, July 23, 2020 

MEET THE PRESENTERS

     Stephen J.M. Schiltz, CPA

Stephen Schiltz is principal with CLA’s Tucson office.  He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to community financial institutions.  Steve has made presentations to management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.

A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPAs and the Beta Gamma Sigma Honor Society.  He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.

David Heneke, CPA, CISA

David Heneke is a principal with CLA’s financial institutions group, in St. Cloud, Minnesota.  His practice is dedicated to financial statement audits, directors’ examinations, and internal audits.  David began his career in 2005 and has 16 years’ experience working with financial institutions.

At the University of Iowa, David received a Bachelor’s of Business Administration, with a major in accounting, and a Master’s of Accountancy, with an emphasis in management of information systems.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up 

2. On-Demand Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE