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Current Expected Credit Losses

The new credit loss standard (CECL) requires companies to estimate expected credit losses on their financial instruments over the entire life of the asset. The CECL reporting standard impacts many areas of an organization beyond accounting and often presents more challenges than management teams anticipate. ǿմý helps clients simplify the adoption process and create sustainable solutions. Our CECL accounting services provide more than just a set of recommendations — we become an extension of management to ensure your CECL implementation is practical and tailored to your business’s ongoing needs.

ǿմý’s practical approach to CECL consulting ensures an efficient and successful implementation by assisting with:

  • Impact assessment
  • Project management
  • Data abstraction
  • Accounting policy and methodology development
  • Financial statement disclosure preparation
  • Business process design
  • Internal controls development and testing
  • Training and education
  • Model development and validation

Choosing ǿմý for CECL services means your organization can fulfill your obligations easily and without concern. If you want to learn more about our advisory capabilities for CECL data management and other aspects of the CECL regulation, get in touch with us today.

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