One-Time Adjustment to Undivided Earnings for those credit unions who have adopted ASC Topic 326 - Financial Instruments - Credit Losses (CECL)
Acct Code |
Description |
Tip for pulling data stored in CU*BASE |
NW0002 |
Report the one-time initial adjustment to undivided earnings resulting from the adoption of ASC Topic 326 - Financial Instruments - Credit Losses (CECL). |
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. |
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One or more automation routines are available
for this Account Code. Click |
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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.