All entities are subject to the new expected credit loss model established by recent GAAP. This course will provide highlights of the latest requirements for measurement, presentation, and disclosure.
Product Code
1000005122-141210
Credit Type
CPE: 2
CPE-AA: 2
CPE-Technical: 2
CPE-YB: 2
Intended Audience
CPAs and other financial professionals preparing the type of work described.
NASBA Field of Study
Accounting
Auditing
Level of Difficulty
Intermediate
Prerequisites
None
Advance Preparation
None
Learning Objectives
Identify the latest accounting and financial reporting requirements of the expected credit loss model for certain financial instruments
Recall answers to frequently asked questions related to applying the new requirements to nonpublic entities that aren’t financial institutions
Major Subjects
Principles behind the new expectation credit loss model
Acceptable methods for evaluating expected credit loss for certain financial instruments
Enhanced disclosure requirements common for nonpublic entities