The CECL methodology described in FASB ASC Topic 326 applies to financial assets measured at amortized cost, net investments in leases, and off-balance-sheet credit exposures (collectively, financial assets).
CECL Effective Dates
| Entity Type | CECL Effective Date |
|---|---|
| SEC filers, excluding entities eligible to be smaller reporting companies (SRCs) | Fiscal years beginning after 12/15/2019, including interim periods within those fiscal years |
| All other entities, including SRCs | Fiscal years beginning after 12/15/2022, including interim periods within those fiscal years |
Supervisory Resources
Frequently asked questions, advisories, statements of policy, and other information issued by the FDIC alone, or on an interagency basis, provided to promote safe-and-sound operations.
- Interagency Policy Statement on Allowances for Credit Losses (Revised April 2023) describes the measurement of expected credit losses under the CECL methodology and the accounting for impairment on available-for-sale debt securities in accordance with GAAP; the design, documentation, and validation of expected credit loss estimation processes, including the internal controls over these processes; the maintenance of appropriate allowance for credit losses (ACLs); the responsibilities of boards of directors and management; and examiner reviews of ACLs
- Joint Statement on the New Accounting Standard on Financial Instruments — Credit Losses provides information about Accounting Standards Update (ASU) No 2016-13, which introduces CECL
- Frequently Asked Questions address the application of CECL and related useful information
- For questions concerning the CECL accounting standard, please contact CECL@fdic.gov
Videos/Webcasts/Teleconferences
Informational videos and recordings of prior webcasts and teleconferences.
Current Expected Credit Losses (video for Bankers and Directors)
Interagency Webcasts:
To access the following interagency webinars, including related presentation materials, for community banks, including related presentation materials, click on the applicable webinar below and follow the instructions under Presentation Materials.
- Applying Model Risk Management to Current Expected Credit Losses (CECL) Models at Large Banks webinar from September 3, 2019
- Current Expected Credit Losses (CECL) Weighted-Average Remaining Maturity (WARM) Method webinar from April 11, 2019
- Current Expected Credit Losses Methodology Q&A Webinar for Community Bankers webinar from July 30, 2018
- Implementation Examples for the Current Expected Credit Losses Methodology (CECL) webinar from February 27, 2018