CECL Analytics - Understanding the Power of Having Historical Data

CECL Analytics - Understanding the Power of Having Historical Data

Program Description

With the adoption of CECL, the requirements on management to understand changes in risk historically and in the future has increased significantly. As institutions implemented CECL, most have stored many years of historical data. It is imperative that institutions start utilizing the power that comes with having a long history of historical data.

The first section of the course will contain an overview of all topics covered and each subsequent section will contain a searchable transcript and keywords. This is a great way to access key information and locate knowledge throughout the course.

After reviewing all provided content and engaging with the learning questions throughout the course, you will have a firm understanding of the outlined learning objectives. This new knowledge will help you to better support your institution. This program contains relevant learning objectives and outcomes that clearly articulate the knowledge, skills and abilities that can be achieved by the participants (i.e. at the end of the program, what will the participants be able to do? What is the take away skill or knowledge?)

Course Objectives

After completing this self-study course you will be able to:

  1. Evaluate the value of your data

  2. Utilize data analytics to support analyses

  3. Utilize analytics to support annual CECL model updates

  4. Utilize analytics to support qualitative factor updates

CPE Credit 1.6 CPE Credits
Cost $75
Level Intermediate
Field of Study Accounting
Instructional Delivery Method QAS Self-Study
  • Experience in back accounting, lending, or analytics
  • Knowledge of and experience with the CECL Standard
Advanced Preparations None
Who Should Attend Attendees should be employees from financial institutions who are involved in CECL processes. Harbinger Technology Solutions, LLC DBA ARCSys assures that the program content and program level for this course are appropriate for the intended participants.
Last Reviewed Date May 17, 2023

Meet your Instructor

Michael Umscheid, President & CEO of ARCSys

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 and a published author on Accounting and Auditing for Financial Institutions. Mike has spoken at numerous AICPA conferences as well as other national and local financial institution associations. Mr. Umscheid is also the author of the 8-hour CPE course published by the AICPA for CECL. Mike is currently the President and CEO of ARCSys, a consulting firm that specializes in Allowance for Credit Loss software and CECL. He graduated from Virginia Polytechnic Institute and State University in Blacksburg, Virginia.

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