> Webinar: The ALLL in Troubled Debt & Foreclosed Asset Restructuring

Tuesday, February 25, 2014
3:00 PM (GMT-05:00) Eastern Time (US & Canada)
4:30 PM

 

Credit Union Web Training Webinar:
The ALLL in Troubled Debt & Foreclosed Asset Restructuring

 

The financial crisis brought many accounting and financial reporting implications related to the allowance for loan and lease losses (ALLL), troubled debt restructurings (TDRs), and foreclosed assets.  Many financial institutions had to become familiar with the applicable standards and monitor evolving accounting developments as credit quality declined.  Even though credit quality is stabilizing or improving, accounting in these areas has continued to evolve as new issues have arisen.  During this webinar, you will learn the current hot topics and proposed changes in accounting related to the ALLL, TDRs, and foreclosed assets and receive practical implementation suggestions so that your policies, procedures, and practices are appropriate.

HIGHLIGHTS

  • Current challenges with ALLL calculations
  • Common TDR implementation challenges including:
    • Initial recognition
    • Halting and resuming accrued interest
    • Loan classification
    • Impairment analysis
  • Foreclosed asset accounting challenges including:
    • Initial recognition
    • Subsequent measurement
    • Monitoring control effectiveness
  • Proposed changes to accounting for the ALLL, TDRs, and foreclosed assets

TAKE-AWAY TOOLKIT

  • Example TDR checklist
  • Foreclosed asset look-back example
  • Checklist for improving your current ALLL calculation
  • Sample policy and procedure wording
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Continuing Education: Attendance verification for CE credits upon request

PLEASE NOTE
Webinar content is subject to copyright and intended for your individual credit union’s use only.

WHO SHOULD ATTEND?
This informative session is designed for CFOs, controllers, and those responsible for accounting and financial reporting.

MEET THE PRESENTER
Todd Sprang, CliftonLarsonAllen, LLP

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