Exit Price Estimation and Disclosure: Getting More Value from Your Calculations
In this webinar, we will demonstrate how to make calculations using the fair value of assets with the exit price notion and prepare disclosures using common information stores, existing practices within the institution, and industry data. A time-consuming and tedious process that seemingly requires valuation expertise can be streamlined, and attribution of changes from period to period can provide useful internal intelligence.
Both CECL and fair value outputs contain “life of loan” credit loss estimates. Management and external auditors desire analogy and cohesion in both processes, and this session will walk through how to achieve this synergy. This webinar will be particularly useful to personnel in finance, accounting, and financial reporting, and is intended for public entities.
Join to learn:
- Why exit price calculations today aren’t as efficient as they could be
- Specific examples of calculations that save high-value time and reduce manual error
- How to align disclosure preparation to similar business activities (including acquisition valuation + CECL transition)
Baker Eddraa, CPABaker Eddraa specializes in providing financial institutions with consulting services related to CECL preparation, methodologies, and transition; purchased loan accounting; technical research; and strategic planning. Prior to joining Abrigo’s Advisory Services, Baker was an accounting manager at a $34B financial institution, serving as the merger/acquisitions, allowance, and loss-share accounting lead.
Neekis Hammond, CPA
Neekis Hammond has amassed a wealth of knowledge on ALLL, CECL preparation and methodologies, and various portfolio analysis and risk topics. Prior to his consulting work, he worked on acquisitions up to $2 billion in size at a multi-billion-dollar financial institution. Neekis has also served as an auditor with a regional CPA firm and as a provider of valuation, accounting, and loan analysis services within Elliott Davis Decosimo's FIG Consulting division. Today, as Abrigo’s Managing Director of Advisory Services, Neekis utilizes his unique expertise to provide thoughtful feedback to product development on compliance and accuracy, and he helps our community bank and credit union clients develop strategies that better navigate regulations without undue portfolio risk. Neekis earned his bachelor’s degree in accounting from Brigham Young University - Idaho.