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New Jersey Banker’s Association CECL Implementation to Calculation

February 26, 2020


CECL is about to make a huge difference in banking. The new accounting standard will have an effect on what banks’ financial statements and earnings look like, as well as future lending practices.

In this highly informative seminar, attendees will gain an understanding of the newly proposed and updated changes to the standard and what new policies, processes and controls may be necessary for you to implement at your bank. Gain a detailed understanding of the different CECL models with different data applications and understand new disclosure requirements.

Learn how to use economic data as part of your analysis and forecasting, and learn best practices from public companies in CECL implementation.

*3 CPE and 3 CLE Credits apply



Michael Umscheid

President & CEO, ARCSys

Mike has been providing accounting, consulting and auditing services to financial institutions for over 30 years. Considered the “CECL Guru”, Mike was selected by the AICPA to create and deliver their 8-hour CPE course on CECL. He is a past member of the Auditing Standards Board and a published author on Accounting and Auditing for Financial Institutions. Mike has spoken at numerous AICPA conferences as well as other national and local financial institution associations. Mr. Umscheid is also the author of the 8-hour CPE course published by the AICPA for CECL.Mike is currently the President and CEO of ARCSys, a consulting firm that specializes in Allowance for Credit Loss software and CECL. He graduated from Virginia Polytechnic Institute and State University in Blacksburg, Virginia. Mike enjoys working out in the morning before work and loves to cook for his family and friends.


Daniel Morrill

CPA, Wolf & Company

Dan is a Principal of the Firm and the Director of Wolf’s Professional Practice Group. He leads the Firm’s Audit and Accounting Committee, conducts training on technical issues, performs quality control reviews, participates in learning and development initiatives, and conducts technical research. Dan is a Certified Public Accountant with over twenty years of experience providing audit, assurance, and consulting services to SEC registrants, non-profit entities, family businesses, financial institutions, and pension plans. He is a member of the Center for Audit Quality’s SEC Regulations Committee, as well as the Center for Audit Quality’s Smaller Firm Task Force.


Casey Tutor

Vice President of Accounting Product Development & Analytics, ARCSys

Casey’s primary responsibilities include guiding the product roadmap and software lifecycle alongside system alignment and regulatory governance. Prior to her work with ARCSys, Casey served as the financial analyst for a chemical manufacturing company. Casey brings experience in audit, data analytics and financial systems implementation to her role. She received a Bachelors of Science in accounting in 2014 and is currently an MBA candidate attending Averett University.


Sheraton Edison Raritan Center
125 Raritan Center Pkwy Edison NJ 08837 United States + Google Map
(732) 225-8300


New Jersey Banker’s Association
908) 272-8500
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