CECL Implementation Concepts

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This document is intended to address certain key concepts in the CECL accounting standard (ASU 2016-13) for the purpose of facilitating effective communication between bankers, regulators, investors, auditors and other stake holders (collectively referred to as “stakeholders”) by documenting a common understanding and language of the key concepts of CECL. Additionally, this paper shares knowledge learned so far in the CECL implementation process by outlining broad practices and giving specific examples.

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