Summit releases new white paper: Accounting Volatility, Loan Loss Reserve Credit Modeling, and COVID-19

Posted by Josh Goldberg on 5/6/20 1:43 PM

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The implementation of Current Expected Credit Loss (CECL) in 2020 has been highly anticipated. The new accounting standard should make financial statements better reflect the underlying economics.

However, with a COVID-19 induced recession, there have been talks of delaying its enactment.

In this white paper, Summit Consulting summarizes the accounting elections and provides insights into how to manage accounting volatility due to an uncertain economic outlook.

Interested in reading the full paper? Click below to download it as a PDF.

Click here to download white paper: Accounting Volatility, Loan Loss Reserve  Credit Modeling, and COVID-19

Topics: white paper, COVID-19, CECL

About the Summit Blog

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Summit is a specialized analytics advisory firm that guides clients as they decode their most complex analytical challenges. Our blog highlights the strategies and techniques we use, as well as relevant topics in current events.

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