What is all the hype about CECL?
This article will focus on Simplifying CECL for Banks and Credit Unions. What does CECL mean? – The Financial Accounting Standards Board (FASB) issued the final Current Expected Credit Loss (CECL) standard on June 16, 2016. After the financial crisis in 2007-2008, the FASB decided to revisit how banks...
What do the Chinese Zodiac and Chromosomes have to do with CECL?
Chinese Zodiac – One of my favorite memories growing up as a child was going to a Chinese restaurant and reading about my Chinese Zodiac animal sign. My sign is the Rabbit, the fourth of all Zodiac animals. Simply based on what year I was born, I am able...