TOPIC: Financial Management

Exit Price Estimation and Disclosure: Getting More Value from Your Calculations - 1 CPE

Upcoming webinar: https://www.web.abrigo.com/webinar-exit-price

Join Abrigo for a complimentary webinar to learn specific examples of calculations that save high-value time and reduce manual error when dealing with #exitprice estimation and disclosures.

Click to save your seat and earn 1 CPE credit by attending! https://www.web.abrigo.com/webinar-exit-price

    Free Webinar | Earn 1 CPE | Exit Price Estimation and Disclosure: Getting More Value from Your Calculations

    Thursday, February 27, 2020
    2:00 PM ET / 1:00 PM CT
    Register

    In this webinar, we will demonstrate how to make calculations using the fair value of assets with the exit price notion and prepare disclosures using common information stores, existing practices within the institution, and industry data. A time-consuming and tedious process that seemingly requires valuation expertise can be streamlined, and attribution of changes from period to period can provide useful internal intelligence.

    Both CECL and fair value outputs contain “life of loan” credit loss estimates. Management and external auditors desire analogy and cohesion in both processes, and this session will walk through how to achieve this synergy. This webinar will be particularly useful to personnel in finance, accounting, and financial reporting, and is intended for public entities.

    Join to learn:
    • Why exit price calculations today aren’t as efficient as they could be
    • Specific examples of calculations that save high-value time and reduce manual error
    • How to align disclosure preparation to similar business activities (including acquisition valuation + CECL transition)
    Save your seat! 

      Monthly Financial Dashboard for Employees

      EVP at a credit_union ($180MUSA)
      I am looking for a simple Financial Dashboard that can be shared each month with all employees.

      Does anyone have anything like this? I was hoping for something high level, that could provide basic information to all the staff of the Credit Union. If you don't have a dashboard, do you share anything at all each month with staff? If so, what do you share.

      Thank you,

        Public Funds

        VP at a bank ($112MUSA)

        Does anyone know and can they point me in the direction of validation:   In Georgia, we are required to secure Public Funds within 10 days at 110% value.  My question is: Is "Days" defined as Calendar days, or Business days and how do we factor in Holidays?

          2019 CECL Survey - Chance to win a $300 Yeti cooler!

          Each year MST, now Abrigo, has been implementing an allowance survey. This year we’re asking about your progress in the CECL transition, how you are preparing and what you are determining in terms of how CECL will impact your institution. As always, we’ll compile answers and share the results so you can compare what you are doing with your peers. We encourage you to participate. As a token of our appreciation, you will have the chance to win a $300 Yeti cooler or a Bluetooth speaker.

          We wish you a productive and profitable 2019!

          Take the survey: https://www.surveymonkey.com/r/J236LTW

            Having trouble keeping up with all these CECL updates?

            CECL is in the news a LOT now that we're less than a year out from the transition. Robert Ashbaugh and Chris Emery are making sure your financial institution understands all of the recent changes and the ways that those changes and proposals might affect your institution's CECL implementation. Tune in for our free webinar in two weeks -- get registered here: http://bit.ly/2GrF1mr

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              Webinar: Interpreting CECL Modeling Results

              For those who are currently building out their CECL models, did your results not match your expectations? Are you confused on what to do next?

              Join us on Monday, December 10th from 1:30-2:30 p.m. ET. for an interactive walkthrough of common modeling problems and questions. Common questions include:

              • What happens if I don’t have enough loan-level historical data?
              • What do I do if my results are zero?
              • Are there shortcuts for anticipating when certain approaches won’t work before building models to test?

              Sageworks risk management consultants Brandon Quinones and Danny Sharman will answer these questions and discuss how results can be interpreted and pivoted to other approaches that may provide more transparent outcomes.

              Register now: https://web.sageworks.com/interpreting-cecl-results/

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                Last chance to register: CECL webinar panel TODAY!

                Time: 10/10 2:00-3:30 p.m. ET
                Worth one CPE credit

                The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD, Camden National Bank and PWC who are helping thousands of institutions through this critical change.

                They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more, while addressing your top concerns and questions.

                Register now: http://bit.ly/2oN421G

                  1 day left: Learn automated methodology calculations, loan segmentation and more

                  As CECL is approaching, financial institutions are evaluating vendors to help them automate their allowance processes. From methodology selection, economic forecasting and proper loan pool segmentation, manual calculations will be more difficult to implement under CECL as credit losses need to be predicted over the life of the loan.

                  Join to learn:

                  • Best practices that every institution can apply during their CECL preparation process
                  • The importance of choosing the right methodology from data on-hand
                  • How to optimize loan pool segmentation and economic forecasting
                  • Ways the Sageworks ALLL software solution creates a seamless CECL transition

                  Register now: http://bit.ly/2xJk29M

                    Complimentary CECL Practical Transition Guide

                    CECL presents institutions with new guidance for measurement of the ALLL. While initially daunting, the transition exercise is, fundamentally, a project management problem; there exists a specific set of activities that, if performed correctly and thoughtfully, will reduce a compliant and defensible estimate of credit losses over the life of a financial asset or pool of financial assets.

                    The documentation of that set of activities is the purpose of this Practical CECL™ Transition Guide: a series of 9 whitepapers to better assist with your transition.

                    Download now: http://bit.ly/2xQ1XGq

                      Learn how to unlock actionable risk insights

                      Complimentary Group Demo: September 20th, 2:00 – 3:00 p.m. ET

                      In August, Sageworks launched one of their newest products, “Insights”, to help leaders leverage loan portfolio data in new and meaningful ways. Lack of and limited access to bank-wide data, accompanied by time-consuming analysis, can hurt leadership’s ability to make well-informed, timely decisions. In this complimentary group demonstration, we aim to show how our newest offering can help bridge that gap.

                      Join to learn:

                      • How to perform simulations of the loan portfolio in order to inform financial statement impact for budgeting purposes
                      • How Insights can help as part of Dodd Frank Act Stress Test preparation (or stress testing under CECL, more broadly)
                      • How to set up scenarios to view how the portfolio would respond with various assumptions
                      • Using the Acquisition Analyzer as part of potential acquisition due diligence
                      • How Segment Insights can be leveraged for board & concentration reporting
                      • Potential Roadmap for continued development

                      Learn more: https://web.sageworks.com/cbanc-sageworks-insights-demo

                        CECL Webinar Panel: Answers to your top questions

                        The transition to the FASB’s CECL accounting standard is well underway for many financial institutions. In this panel discussion, hear from a banker, three auditors and two consultants from Sageworks, MST, Grant Thornton, BKD and PWC who are helping thousands of institutions through this critical change.

                        They’ll discuss how CECL has influenced everything — implementation, validation, organizational changes and more while addressing your top concerns and questions.

                        Register now: https://web.sageworks.com/cecl-webinar-panel/