Report
Benefits and Challenges of the “CECL” Approach
Abstract: This note provides an overview of the Current Expected Credit Loss ("CECL") accounting approach for credit losses. It also discusses the potential benefits and challenges of the CECL approach to financial institutions and users of their financial statements.
Keywords: accounting standards; CECL; current expected credit losses; procyclicality; incurred loss; allowance for credit losses; loans; debt securities; financial modelling;
Access Documents
File(s):
File format is text/html
https://www.bostonfed.org/publications/supervisory-research-and-analysis-notes/2019/benefits-and-challenges-of-the-cecl-approach
Description: Summary
File(s):
File format is application/pdf
https://www.bostonfed.org/-/media/Documents/Workingpapers/PDF/2019/sra-note-1901.pdf
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Boston
Part of Series: Supervisory Research and Analysis Notes
Publication Date: 2019-03-08
Issue: 01
Pages: 12