ELFA - Equipment Leasing and Finance Association - Equipping Business for Success


CECL: A New Accounting Standard and a Challenging Credit Environment

The new accounting model for loan and lease losses has been adopted by large public companies in 2020. Other companies are continuing to prepare for the adoption of the CECL (current expected credit losses) model in the coming years. The implementation of CECL has coincided with one of the most challenging credit environments business has faced in a generation. This timely webinar will provide:

  • A summary of the CECL model,
  • Some of the lessons learned from the adoption process,
  • Observations based on what public companies have reported when CECL was adopted, and
  • Impact of COVID-19 on loss reserve development.

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