Webinar Recording

2024 Not-for-Profit Speaker Series: Current Expected Credit Loss (CECL) and How NFPs will be Affected

calendar iconMay 16, 2024

The new current expected credit loss, or CECL, standard affects how not-for-profit organizations evaluate financial assets such as loans, trade receivables, and investments. We discuss the new standard and how it applies to not-for-profit organizations, including considerations of methodologies for calculating the allowance, scope for not-for-profit organizations, required disclosures in the footnotes to financial statements, and the timeline for implementation.

Learning Objectives:

  • Understanding the new credit loss standard and how it will affect not-for-profit organizations
  • Calculating the CECL allowance
  • Implementation of the credit loss standard including disclosures in the footnotes to the financial statements

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