FASB extends CECL, what should you do now? Focus on data!

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr While very few institutions return complete data in time, most can obtain the basic CECL data sets needed. Download this schedule of data elements summarized by the following categories: continue reading »center_img On October 16, 2019, the Financial Accounting Standards Board approved the change in the adoption dates for several standards including CECL. This extension means more time for your credit union to gather important data. At ARCSys, we currently have clients loading data back to the year 2000, with most loading data back to 2008 or 2009. Clients are also sending their old optical files which we are converting to return data in time for the new adoption date.More data will allow you to have better control over your allowance, and reduce the volatility in your calculations. Spend this extra time getting your data; it’s that important!This data process has several key phases:ObtainLoadValidate, reconcile and report exceptionsModel Segment/Class risk structuresUnadjusted and adjusted dataForecast with External Q Factorslast_img read more

Outer west Brisbane address proves to be hot property

first_imgThe house has a resort-style pool.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy moving to a ‘sister suburb’ can save you money00:37 The house at 151 Banksia Drive, Mount Crosby, sold for $841,250.BUYERS are getting more bang for their buck at Mount Crosby — and they are starting to realise it.Property is in hot demand in the outer-west suburb, with Place Graceville’s Karen Simons saying those on the house hunt have realised just how good value for money the area is. The kitchen at 151 Banksia Drive, Mount Crosby.“I think it’s a fairly undervalued area,” Ms Simons said.“You get a lot of home for a little price.”More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The recent sale of 151 Banksia Drive reflected that trend, with four written offers after the first open home, and 40 groups through at inspections over two weeks.“We had incredible interest,” Ms Simons said.“Out there, if you get half a dozen through at inspections you’re pretty happy, so that was a huge number of inspections.”center_img Inside 151 Banksia Drive, Mount Crosby.The property, which is on a 6524sq m block, sold for $841,250.Ms Simons said the demand was so high for the property that they were currently negotiating an off market deal with another vendor in the area.“We had so many buyers left over who were really disappointed.“It just goes to show when people see a good product in a good location, they’re prepared to step up and pay what it’s worth.”last_img read more

Ripley County is now under level two travel watch

first_imgRipley County, IN—The Ripley County Commissioners have declared that Ripley County is under a level 2 orange travel advisory.  Under the advisory residents are still allowed to leave their homes for work, medical care, buying groceries, and other activities essential to the health and safety of people and pets.last_img