Does existing guidance on current expected credit loss (CECL) apply to not-for-profit organizations (NFPs)? The answer depends on the types of financial assets an NFP holds. FASB Accounting Standards ...

The CECL model would require that at each reporting date, an entity would reflect a credit impairment allowance for its current estimate of the expected credit losses on financial assets held. The ...

Provision for credit losses, a keenly watched metric that indicates the extent of souring loans, is expected to have grown between 14.5% and 79% at the big six Canadian banks in the second quarter ...