Sageworks Blog

Mar31

Stress testing's "black box" Libby Bierman [email] Analyst

Mar 31, 2013 15:29

The recent results of the 2013 CCAR and CapPR tests remind bankers, at institutions of all sizes, the regulatory commitment to and the benefits that can come from stress testing and capital planning. While smaller banks may sufficiently benefit from simpler stress testing models than those utilized in Dodd-Frank compliance, forward-looking forecasts aren’t a new practice for financial institutions. [More]

Mar29

Basel III Capital Rules: Undue burden on community banks Billy Burnet [email]

Mar 29, 2013 15:15

In part 1 of this guest column, Edgar Ortiz, President and CEO of Strategic Analytic Solutions LLC, discussed the importance of the U.S. bank regulatory agencies’ delay of the implementation of the new capital rules of the Basel III Accord. In part 2, the potential burdens facing community banks from the proposed rules will be discussed. [More]

Mar28

FASB issues FAQs on CECL model Mary Ellen Biery [email] Research Specialist

Mar 28, 2013 10:57

The Financial Accounting Standards Board (FASB) this week issued answers to some frequently asked questions about the proposed new model (commonly known as the CECL model) for accounting for credit losses. Here is a summary of the 16-page FAQs document. [More]

Mar27

Poll: Disclosure reports take days or weeks to complete Billy Burnet [email]

Mar 27, 2013 16:10

Sageworks recently hosted a webinar, “ALLL” About Disclosure Reports: Key Issues to Know, featuring Ancin Cooley, principal of Synergy Bank Consulting and Ed Bayer, senior risk management consultant at Sageworks. The webinar discussed FASB Accounting Standards Update (ASU) 2010-20 and the challenges that financial institutions face as a result. One of the challenges is that the new reporting process takes additional time and resources. [More]

Mar26

Five factors that affect your business credit score Sanaa Bhambri [email] Marketing Analyst

Mar 26, 2013 08:09

Managing business credit is one of the most important and challenging acts for small business owners. From using personal credit cards for business, to missing out on opportunities in small business tax credit, there are several ways to get entangled which can harm your business credit score.
Read the five simple rules to keep in mind for building a good business credit score. [More]

Mar25

Assembling appropriate FAS 5 (ASC 450-20) pools Sanaa Bhambri [email] Marketing Analyst

Mar 25, 2013 08:00

Mike Lubansky, director of consulting services at Sageworks discusses the specific challenges related to the FAS 5 pools in the video below.

Mar22

Introducing the Business Advisory Forum for CPAs and Accountants on LinkedIn Jessica Ballard [email] Director of Marketing

Mar 22, 2013 16:21

Sageworks is excited to announce The Business Advisory Forum created on LinkedIn, a new forum created specifically for CPAs and Accountants. This group will assist you with implementing these services, identifying opportunities, and providing information on best practices and tips for consulting with your business customers. [More]

Mar21

Indicators of retailers’ health improving Mary Ellen Biery [email] Research Specialist

Mar 21, 2013 10:19

Sales, profitability and other indicators of privately held retailers’ health are showing improvement, according to data from Sageworks. [More]

Mar20

Need a Bank Loan? Fuhgeddaboutit! Mary Ellen Biery [email] Research Specialist

Mar 20, 2013 17:53

Businesses still face challenges accessing capital, writes CEO coach and McCracken Alliance partner John Calia. In this guest column, Calia discusses some of the factors affecting commercial lending and offers advice on planning for a request for capital. [More]

Mar19

How the CECL model could affect allowance levels Billy Burnet [email]

Mar 19, 2013 17:23

With the FASB CECL Model proposal and the changes that impact financial institutions, it would appear that allowance levels as whole would likely rise if implemented. How much could these changes, such as the removal of the “probable” threshold for recognizing losses, increase allowance levels? [More]