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4 Ways CECL Changes the Accounting for Acquired Loans

Adopting the current expected credit loss standard (CECL) will require a well-planned strategy and ample time dedicated to the operational and technical transition. For acquisitive financial institutions, the required efforts might be elevated, as CECL will change how public and private financial institutions account for these acquired assets. This infographic describes the four critical changes related to purchased assets under CECL, as well as a common misconception.


Download to learn:

  • The impact CECL has on accounting for impaired loans
  • Changes in how acquired assets are defined
  • Adjustments to consider for the due diligence phase
  • Common misconception related to CECL and business combinations