Category: Tom Van Lenten

For this newsletter CFO Consulting Partners has partnered with Ardmore Banking Advisors to review the potential material financial benefits of a well planned and executed implementation of the new current expected credit loss (“CECL”) accounting standard. Most banks have an awareness of the need to prepare for the transition to CECL, and that many foundational… Continue reading The CECL Approach, 3 of 3

Tom Van Lenten, CPA, CFO Consulting Partners LLC This is the second in the CFO Consulting Partners series of articles analyzing the new FASB Standard on accounting for credit losses (ASU 2016-13). Click here for the first article in the series. It has been more than a year since the FASB issued ASU 2016-13 Click here for… Continue reading The CECL Approach, 2 of 3

Tom Van Lenten, CPA, CFO Consulting Partners LLC In mid-2016 the FASB issued its long-awaited standard on accounting for credit losses (ASU 2016-13). The new standard adds to US GAAP an impairment model known as the current expected credit loss model or CECL. In a shift from current practice the CECL model is based on… Continue reading The CECL Approach, 1 of 3