The new current expected credit loss, or CECL, standard affects how not-for-profit organizations evaluate financial assets such as loans, trade receivables, and investments. We discuss the new standard and how it applies to not-for-profit organizations, including considerations of methodologies for calculating the allowance, scope for not-for-profit organizations, required disclosures in the footnotes to financial statements, and the timeline for implementation.
Learning Objectives:
- Understanding the new credit loss standard and how it will affect not-for-profit organizations
- Calculating the CECL allowance
- Implementation of the credit loss standard including disclosures in the footnotes to the financial statements
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Негізгі бет Nonprofits Guide to the Current Expected Credit Loss (CECL) Model
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