Will CECL Affect Your Not-for-Profit?

Overview of Current Expected Credit Losses for Nonprofits When thinking about the new accounting guidance for credit losses (CECL), most people think of banks and other financial institutions. However, CECL will apply to any entity that holds financial assets, which includes receivables, loans, and even some investments. Many nonprofits will be affected, especially those with … Continue reading Will CECL Affect Your Not-for-Profit?