NCUA offering a webinar on troubled debt restructuring
12/08/2010 08:35 am
NCUA board member Gigi Hyland will host a Jan. 6 webinar on troubled debt restructured (TDR) loans. The webinar, which will take place at 2 p.m. EST, will be moderated by Hyland and will feature input from auditing firm Crowe Horwath LLP. The webinar will answer questions from a U.S. GAAP perspective.
The NCUA webinar will discuss the definition of TDR loans, and will attempt to answer what constitutes financial difficulty and how impairment measurement works when dealing with TDRs. The webinar will also flesh out the definition of concessions when dealing with TDRs. TDR loans, which have very specific accounting and reporting requirements, sometimes occur as a result of loan modifications. The financial statement notes and call report data associated with TDRs are also unique.