Allowance for Credit Losses on Loans & Leases (CECL)

Acct Code

Description

Tip for pulling data stored in CBX

AS0048

If you have adopted ASC Topic 326: Financial Instruments - Credit Losses (CECL) then report the allowance for credit losses as determined in accordance with ASC Topic 326.   

 

 

This can be a General Ledger balance from your credit union balance sheet. Obtain the balance of the G/L account as of quarter end.

 

One or more automation routines are available for this Account Code. Click images\autopopulate_shg.gifto select from the available routines and configure the data.

 

 

The NCUA provides detailed descriptions on the Call Report Account Codes in their comprehensive Call Report Instructions available with the current Call Report on the http://www.ncua.gov website.

For more information about the 5300 Call Report Software, open the book.