Loading...

Economic Forecasting for CECL

Economic forecasting is one of the most important components for CECL. Take this course to gain the skills and strategies needed to correctly forecast and update your CECL allowance.

Upcoming
Thursday, November 14th, 2024
1:30 pm - 3:30 pm
Presented by Michael Umscheid
2 CPE Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • General Compliance
  • Lending
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Controller/Accountant
  • Credit Analyst
  • Internal Auditor
  • Mortgage Lender
  • Risk Manager
  • Senior Management
  • Small Business Lender
  • Training Manager
  • Trainer

Save on annual training costs with our Webinar Subscription Service and share webinars across your entire organization.

Become a subscriber

Learn about upcoming events, webinars and discounts.

Sign Up For Email Notifications

This webinar will equip you with the skills to make accurate and reliable economic forecasts for the CECL model for your financial institution. You'll learn how to select the right data, understand the relationships between different variables, and set realistic expectations for your forecasts.

The webinar also covers how to implement those forecasts and troubleshoot any unexpected results. Plus, you'll gain valuable insights into the documentation best practices required under CECL, ensuring your institution meets the standards.

What You'll Learn

  • Identify forecast expectations based on the forecast period and model
  • Discover the connection between the historical data selected and its effects on forecast outcomes
  • Determine whether selected external variables are directly or indirectly correlated to the dependent variables
  • Compare and assess forecasted expectations with actual results

Who Should Attend

Financial institution employees who are involved in CECL processes will benefit from this session.

Field of Study:Accounting

Skill level:Basic

Prerequisites:None

Advanced Preparation:None

Michael Umscheid

Instructor Bio

Mike has been providing accounting, consulting and auditing services to financial institutions for over 30 years. Considered the “CECL Guru,” Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL. He is a past member of the Auditing Standards Board, a published author on Accounting and Auditing for Financial Institutions, and has spoken at numerous AICPA conferences. He graduated from Virginia Polytechnic Institute and State University.

Continuing Education Credit Information

Economic Forecasting for CECL has been approved for 2 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.

Print this page