The Banks & Savings Institutions Resource Center

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Leading up to the conference, continue to revisit this page to see the latest articles and resources all about loans, PPP, CECL, and more!

Resources for Registrants

Article

New AICPA Accounting Guidance Helps PPP Lenders Make Appropriate Financial Reporting Decisions

The American Institute of CPAs (AICPA) and its Depository Institutions Expert Panel (DIEP) today released a Technical Questions and Answers (TQA) to help depository institutions, credit unions, credit card companies...

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Article

Small businesses should focus on PPP’s intent, keep using funds

When the Department of the Treasury and Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) many businesses saw an opportunity to stay open and their employees paid during this very difficult...

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Article

Can you separate PPP facts from the myths?

Do you remember playing the telephone game in elementary school? I’ll spare you the rules. But, in the end, the game exposes the way information mutates after numerous people filter it. As information about the Small...

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Article

Clients and CPAs can benefit from a 100% forgivable loan

As companies struggle with the economic uncertainty caused by the COVID-19 pandemic, small businesses — the backbone of the economy — have the power to pave a path toward economic recovery. They can do that, in part, by keeping...

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Article

SBA launches tool to match underserved borrowers with PPP lenders

With time running out for eligible entities to apply for Paycheck Protection Program (PPP) loans, the U.S. Small Business Administration announced Friday that it has revived its Lender Match online tool to help underserved and...

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Article

Financial institutions using CARES Act deferrals won’t violate GAAP, SEC says

Eligible financial institutions will not be in violation of GAAP if they take advantage of the deferrals or suspensions of two FASB standards as permitted in the new federal coronavirus relief law, SEC Chief Accountant...

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Article

Tips for a smooth CECL implementation

Although FASB’s current expected credit loss (CECL) standard will be a significant game-changer for the financial services industry, it is critical that companies that hold financial instruments understand how it will apply to...

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