Crowe professionals Sean Prince and Matthew Schell offer CECL considerations for non-banking companies. CECL refers to the Financial Accounting Standards Board’s (FASB’s) new credit impairment standard, Accounting Standards Update (ASU) 2016-13, Financial Instruments—Credit Losses(Topic 326): Measurement of Credit Losses on Financial Instruments. CECL addresses how to account for credit impairment on certain financial assets, like loans and certain debt securities.
