Webinar: Troubled Loan Modifications: Evaluating, Tracking & Reporting
June 25, 2024 3:00 pm - 4:30 pm
From nixing TDRs to implementing TLM evaluations, this timely topic will teach you the latest on the Accounting Standards changes.
Learn the differences between the two, including the new TLM tracking and disclosure requirements, qualified borrower circumstances, and more. Get the expert insight you need to evaluate, track, and report troubled loan modifications.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Explain the new troubled loan modification (TLM) evaluation process
- Identify borrower circumstances that could indicate financial difficulty
- Distinguish between an insignificant payment delay and a direct change in contractual cash flows
- Recognize the different accounting treatments under the current expected credit losses (CECL) methodology
- Understand the new TLM tracking and disclosure requirements
- Implement best practice recommendations
WEBINAR DETAILS
It was exciting news when the Accounting Standards Update No. 2022-02, Financial Instruments – Credit Losses (Topic 326) eliminated the accounting guidance for troubled debt restructurings (TDRs). However, we now must consider, evaluate, track, and report loan modifications for borrowers experiencing financial difficulty. What’s the difference you ask? This session will answer this question and provide the resources needed to evaluate future loan modifications. Bring your questions!
WHO SHOULD ATTEND?
This informative session is designed for lending professionals, collections personnel, loan modification staff, and those responsible for loan modification accounting and reporting.
TAKE-AWAY TOOLKIT
- TLM evaluation checklist
- Useful website links to regulatory and accounting guidance
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
Speaker: Stephen J. M. Schiltz. CLA
Steve Schiltz is principal with CLA’s Tucson office. He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to community financial institutions. Steve has made presentations to management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.
A licensed Certified Public Accountant (CPA) Arizona and Texas, Steve is a member of the Association of International Certified Professional Accountants (AICPA), Arizona Society of CPAs and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.
Steve has produced and presented expert content for Credit Union Webinar Network since 2015 and has presented to hundreds of credit union professionals nationwide. Want more from Steve? His library of upcoming and on-demand training webinars is below.