Cox adopted the new current expected credit loss (CECL) accounting standard on January 1, 2023. This course will provide an overview of the key concepts in CECL, disclosure requirements, considerations after adoption, and necessary controls. Additionally, the course will explain CECL’s change to the impairment analysis for available for sale debt securities.  

Participants will:

• Learn the key concepts in CECL, including the factors to include in a CECL model.
• Understand the required financial statement disclosures.
• Discuss considerations entities should focus on after adoption, including business process and controls.
• Learn the new impairment model for available for sale debt securities.