Additional Clarifications to CECL Model

Thoughtware Article Published: Jul 30, 2018

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Executive Summary

The Transition Resource Group (TRG) for Credit Losses recently met to discuss critical implementation issues regarding the new credit impairment standard, commonly referred to as CECL (Current Expected Credit Loss). TRG meetings help inform the Financial Accounting Standards Board so it can determine what, if any, action will be needed to address those issues. Read on for more information on issues raised to the TRG.

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