CFOs should be aware of a potential sea change coming down the pike on the ALL and the significant negative impact this change will have on credit unions
Washington, DC (PRWEB) January 03, 2013
The primary focus of this webinar will be issues related to the Allowance for Loan Losses (ALL) with a focus on the latest credit union asset quality trends as they relate to the recent changes in regulatory reporting and what credit unions need to expect in the coming year.
This is the fourth annual webinar featuring Mike Sacher. It arrives just in time to discuss possible impacts of FASB’s December 20, 2012 proposal to adopt the "expected loss model" for the Allowance for Loan Losses. Previous CreditUnions.com articles and webinars have touched on this concept and the implications of such a model on credit unions. This webinar will provide a forum for the credit union industry to discuss the proposed update to ALL accounting and the profound impact it will have on credit unions.
“CFOs should be aware of a potential sea change coming down the pike on the ALL and the significant negative impact this change will have on credit unions,” said Sacher. “FASB is seriously considering revising the ALL accounting model from the "incurred loss approach" to the "expected loss approach."
Items on the agenda also include, how the economy should affect credit unions’ thoughts towards the Allowance for Loan Losses, consideration and documentation of qualitative and environmental (Q&E) factors, Re-default impact on TDR accounting, the implications of NCUA’s loan workout regulations on reporting of year-end results and the governance impact of this important new regulation.
Callahan & Associates is a Washington, DC-based firm that delivers in-depth analysis of credit union quarterly performance through its proprietary software and financial publications. As a financial consultant, it also offers strategic planning and investment management for credit unions. To learn more about this webinar, visit CreditUnions.com.