Financial Instruments: Credit Losses (ASC Topic 326) & Current Expected Credit Loss (CECL) Model Webinar (1 Hour)

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Financial Instruments: Credit Losses (ASC Topic 326) & Current Expected Credit Loss (CECL) Model Webinar (1 Hour)

CPE Credit: 1 Hours

Price: $99.00

NASBA Field of Study: Accounting

 

Overview

The FASB’s Standard on Credit Losses significantly changes the accounting rules for impairment of financial instruments by adding a CECL model. By taking this informative webinar, you will gain a clear understanding of how to effectively report credit losses based on expected—rather than incurred—losses. Experts will share their experiences dealing with issues that have surfaced, and discuss the potential challenges of post-implementation.
 

AGENDA HIGHLIGHTS


•  CECL Overview 
   – Effective date and transition
   – Impairment models
   – Targeted changes
   – Scope
      – Recognition
      – Measurement
      – Unit of account
      – Practical expedients
      – Write-offs
   – Comparison of CECL and existing US GAAP
   – Disclosure requirements
   – Troubled Debt Restructuring (TDR)
   – PCD financial assets
   – Loan commitments

•  CECL Technical Update
   – Amendments of ASUs 2019-04, 2019-05 and 2019-11
   – FASB issues

•  Operational Implications
   – Quantitative approaches to measuring credit losses
   – Data requirements and credit modeling
   – Governance and risk management

 

LEARNING OBJECTIVE  To provide financial professionals with a clear understanding of how to effectively report credit losses using a CECL model.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.   NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group Internet-Based.

Workshop

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Forum

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