Market Share: Current Expected Credit Loss

Techblog12 Oct, 2023Other

In the world of finance, Current Expected Credit Loss (CECL) is a critical accounting standard that banks, financial institutions, and credit-granting organizations must adhere to. CECL, introduced by the Financial Accounting Standards Board (FASB), has transformed the way institutions account for credit losses, aiming to provide a more accurate reflection of a borrower's risk of default.