Unique Skill ID: ES39695337E744BE4A70

Allowance For Credit Losses (ACL)

Allowance For Credit Losses (ACL) is a financial skill that involves estimating and setting aside funds to cover potential losses from credit risks. It requires proficiency in risk assessment, financial analysis, and understanding of accounting principles. This skill also involves monitoring loan portfolios, identifying potential default risks, and maintaining compliance with financial regulations. Knowledge of Generally Accepted Accounting Principles (GAAP) and experience with financial modeling are often required.

This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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