A Practical CECL Transition
Preparing with only one year left
Presenter: Garver Moore
February 1, 2:00-3:00 p.m. ET
As financial institutions plan for their respective deadlines to implement the current expected credit loss (CECL) model, some are deliberating on what they should do in their final year to get ready. ASU 2016-13 is effective for public entities for fiscal years beginning after Dec. 15, 2019.
Non-registrants and all other entities are required to issue financial statements using the CECL standard starting either 1 or 2 years later and will be closely observing the actions SEC filers are taking in 2019. The SEC requires its registrants to make certain disclosures ahead of CECL implementation, i.e. now. These include pertinent dates for adoption and a discussion of the impact unless it is unknown or unable to be estimated.
Join Garver Moore, Managing Director of Sageworks Advisory Services, who will guide the audience on what their transition structure should look like in their final year before implementation.
Join to learn about:
- How to become compliant if just starting preparations
- The items auditors/examiners will be looking for as effective dates get closer
- What to expect on day one of the transition
About the Presenter
Garver Moore, Advisory Services
Garver Moore works with the Advisory team at Sageworks, collaborating with our internal product specialists on our market offerings and assisting clients who want to optimize their institutions for growth and profitability. Garver brings a decade of enterprise software, analytic and advisory experience to the team. Before joining Sageworks, Garver served customers as a consultant with Accenture, and he later worked with C-suite executives on technology strategy and delivery as a managing partner of the Orange Advisory Group. He received his bachelor’s degree in computer engineering from Duke University.