Nonprofits Guide to the Current Expected Credit Loss (CECL) Model

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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[@Laddie999]

And thank you so much for sharing this and putting CECL in plain English ❤

[@Laddie999]

Hi I have a question about the recovery? The previous slide said that recoveries are a Dr. Cash Cr. Income but on the rollfoward, how does the "write offs, net of recoveries work? JE for Writes offs is Dr. ACL Cr. Loan receivable. I've been struggling with recoveries under CECL. I'm reading in the ASC example that recovery payments are direct recorded to Allowance for Credit?

[@CherryBekaertCB]

Thank you for your inquiry. Please send us your contact information by filling out the form below and we will have the appropriate professional contact you directly.
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