Honors Program
University Honors
Date of Award
5-2018
Thesis Professor(s)
Mr. Joel Faidley
Thesis Professor Department
Accountancy
Thesis Reader(s)
Dr. Lana Becker, Dr. William Heise
Abstract
The Financial Accounting Standards Board (FASB) has recently introduced a new Accounting Standards Update (ASU) that will require financial institutions to measure their loan losses using a new Expected Loss Model (ELM) that emphasizes forward looking financial decisions. Numerous financial journals hypothesize that large financial institutions will face difficulties when implementing the new ASU. This research explores the potential implementation issues that small, local financial institutions, specifically Eastman Credit Union (ECU), will encounter as they begin the implementation process.
Publisher
East Tennessee State University
Document Type
Honors Thesis - Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Recommended Citation
Mann, Baylee, "A Study of the Potential Implementation Obstacles of the Expected Loss Model in East Tennessee" (2018). Undergraduate Honors Theses. Paper 442. https://dc.etsu.edu/honors/442
Copyright
Copyright by the authors.