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Troubled Debt Restructuring: What Qualifies & Accounting for TDRs as Credit Improves

Sep 14 2:00 PM - Sep 14, 2022 3:30 PM
Sep 14, 2022 2:00 PM - 3:30 PM
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The temporary pandemic provisions impacted TDR accounting. Now that those provisions have expired, loan delinquencies and charge-offs may increase. Will borrowers be asking for loan modifications to get through this next economic cycle? What if their credit is improving? How does CECL come into play? Learn more about accounting for TDRs in this changing environment.

Learning Objectives

  • Understand what qualifies as a troubled debt restructuring (TDR)
  • Identify what may draw examiner attention
  • Properly account for and report TDRs – currently and under CECL
  • Explain how COVID-19 loan modifications may or may not turn into TDRs
  • Implement ideas to identify and track TDRs

As we come out of the current economic and pandemic environment the expectation is that loan delinquencies and charge-offs may be on the rise. With this, will you have members asking for loan modifications to get through this next economic cycle? Furthermore, under CECL, TDRs will not go away, so you’ll need to account for these under current and CECL accounting standards. This session will focus on:

  • Learning and understanding what qualifies as a TDR
  • Determining what new loan modifications may qualify as a TDR, especially for those members whose credit may be improving as they come out from COVID-19 loan modifications
  • Tracking, identifying, reporting, and accounting for TDRs under current and CECL accounting standards
  • Providing TDR examples and best practices



Bryan W. Mogensen, CLA

Bryan Mogensen is an assurance principal at CLA in Phoenix, AZ. With CLA since 1995, Bryan has gained extensive experience on audit and consulting engagements during his 27 years of public accounting and has devoted the last 30 years specifically to credit union industry clientele. Bryan serves as leader of CLA’s Western region credit union and credit union employee benefit plan audit practices. His background includes overseeing and managing audits of CUs, CUSOs, profit sharing plans, 401(k) plans, defined benefit plans, and employee and group health plans. Furthermore, he manages internal audit and regulatory compliance engagements.

Bryan frequently has national speaking engagements and is a licensed CPA and a member of the AICPA and ASCPA. He received a bachelor’s in Business Administration with emphasis in accountancy from the University of Wisconsin-Milwaukee.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance