Implementing Current Expected Credit Loss ASU 2016-13

In this recorded webinar, Kaitlyn Schappell, a senior manager in Herbein's assurance practice, delves into the intricacies of implementing the Current Expected Credit Losses (CECL) accounting standard.

Issued by the Financial Accounting Standards Board (FASB) in 2016, CECL is now in effect - and Schappell provides a comprehensive overview of its key components and implications for various industries.

The implementation of CECL brings a significant shift in accounting practices, requiring companies to adopt a proactive, forward-looking stance on credit losses. As the financial landscape evolves, embracing CECL is not just a regulatory necessity - it is a strategic move towards greater financial transparency and decision-making.

To learn more about Herbein services and how we can help prepare you for these changes, contact a Herbein advisor via the form below.