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Like us on FacebookTDR's - Understanding How the New FASB Guidance Affects You
January 20, 2012
Wolf & Company presented "TDR's - Understanding How the New FASB Guidance Affects You" at BankWorld, held on January 13, 2012 at the MGM Grand, Foxwoods.
TDR's - Understanding How the New FASB Guidance Affects You
Presented by Mark O'Connell & John Doherty, CPAs and Members of the Firm
Given the current economic conditions, a large number of loans are being restructured. A major issue is how to determine whether the modification is a troubled debt restructure (TDR). This presentation will explain the need for the new FASB guidance, including financial difficulties and borrower concessions that result in TDR classification. Attendees will walk away with an understanding of the accounting considerations for TDR's and the policies and procedures the institution should consider implementing to ensure TDR's are properly identified.
