CECL: The Hidden Complexities to Simple Approaches For Community Institutions
Presenter: Garver Moore
In this one-hour webinar, Garver Moore of the Sageworks Advisory Group will discuss the hidden complexities when simple, expedient approaches for measurement under the CECL accounting standard are applied to portfolios from $10MM to $10B. Combining research with a client case study.
Join to learn about:
- Why your Allowance will probably decrease at implementation, and how to communicate this change
- How to make methodological and segmentation choices without investing any time in loan-level data gathering, software, or model development
- The problems with application of loss rate expedients such as remaining life, cumulative, open-pool, etc. as commonly discussed
- The FASB-approved way to estimate and justify allocation, even with no observable losses, without resorting heavily to qualitative adjustment
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.