Economic Forecasting for CECL

Economic Forecasting for CECL

Program Description

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.

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 and your clients. 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. Identify forecast expectations based on the forecast period and model

  2. Discover the connection between the historical data selected and its effects on forecast outcomes

  3. Determine whether selected external variables are directly or indirectly correlated on the dependent variables

  4. Compare and assess forecasted expectations with actual results


CPE Credit 3.8 CPE Credits
Cost $160
Level Intermediate
Field of Study Accounting
Instructional Delivery Method QAS Self-Study
Prerequisites
  • 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 10, 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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