Current Expected Credit Losses

Thursday, May 30 8:45am - 12:15pm EDT

(Check-In 8:40am EST)

Virtual

4.00 Credits

Member Price $219.00

Non-Member Price $309.00

Overview

You could pay $0 for this course!
This course qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% of the cost of training reimbursed. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks before the start date of the course to be eligible. The course code for this program is C-3952. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

FASB ASC topic 326, Financial Instruments-Credit Losses, has a significant impact on all reporting entities across all industries because it applies broadly to financial instruments, including accounts receivable. It also has far-reaching implications for companies because it impacts operations, data management, and internal controls over financial reporting. This course will offer tips on complying with the guidance and what the appropriate governance is related to the guidance in this topic.

Prerequisites

None

Designed For

CPAs, accountants, treasurers, and other financial professionals that make financial asset investment decisions and that account for financial asset investments.

Objectives

Participants will be able to: • Describe the FASB’s financial asset investments approach • Account for off-balance-sheet credit exposures • Apply the CECL model • Properly present and disclose credit loss estimates • Establish good governance

Overview

Prerequisites

Designed For

Objectives

Preparation