In this webinar, we will discuss the key challenges and lessons learned by SEC issuers adopting the current expected credit loss (CECL) model and Topic 326. We also will discuss how the impacts of COVID-19 and general economic uncertainty caused significant effects on CECL reserves and additional challenges for these adopters. Finally, we will discuss the five key takeaways 2023 adopters can use to help in adopting CECL. 

Learning Objectives
Upon completion of this program, participants will be able to:

• Explain the challenges and lessons learned from SEC adopters in 2020 
• Discuss the impact of COVID-19 on CECL in Q1 2020 
• Discuss how 2023 adopters can learn from the 2020 adopters