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Looking for Valuant? You are in the right place!

Valuant is now Abrigo, giving you a single source to Manage Risk and Drive Growth

Make yourself at home – we hope you enjoy your new web experience.

Looking for DiCOM? You are in the right place!

DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

Portfolio Risk & CECL

CECL Modifications of Typical ALLL Disclosures

With CECL comes change in the accounting for the allowance for loan and lease losses (ALLL) from an incurred loss model to an allowance for credit losses (ACL) using the current expected credit loss model. Because financial institutions will account for the loss allowance in a different way, and the Financial Accounting Standards Board (FASB) modified the disclosure requirements, the typical ALLL disclosures in the financial report will need to be modified to cover CECL. This whitepaper illustrates how disclosures will change and gives sample wording and tables.