Wednesday, July 13, 2011

Do you have a methodology in place for handling Troubled Debt Restructuring?

Kent Fisher, a new advocate of our TValue software, provides some insight on mistakes made with interpreting the difficult accounting rules for TDR’s.  "Unfortunately, these mistakes can translate into large unexpected changes in the amount of the related specific reserves on TDR’s included in the allowance for loan losses calculation.  Knowing how to avoid or minimize these mistakes should allow for fewer surprises during your next regulatory examination or certified audit."-Kent Fisher
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