CECL, or current expected credit loss, is a new accounting standard that will change how financial institutions account for expected credit losses. … It replaces the current standards for loss accounting – commonly known as FAS-5 and FAS-114.
CECL, or current expected credit loss, is a new accounting standard that will change how financial institutions account for expected credit losses. … It replaces the current standards for loss accounting – commonly known as FAS-5 and FAS-114.