Accounting for Transfers of Financial Assets

Authored by Miles Hutchinson
About this Course
Topics covered include: Scope and Unit of Account; Conditions for Sale Accounting; Transfer Accounted for as a Sale; Financial Assets Subject to Prepayment; Servicing; Transfer NOT Accounted for as a Sale; Repurchase Agreements and Financings; Disclosures. Upon completing this course, you should be able to: Identify the scope and unit of account applied to transfers of financial assets; List the conditions that must be met for a transfer to be accounted for as a sale; Explain the accounting required when a transfer meets the conditions for a sale and when it does not; Restate the objectives for disclosures about transfers of financial assets; Identify the effective date of the additional disclosures with respect to repurchase agreements.
$ 17.00
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NASBA Field of Study
Accounting
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
06/01/2018
13644