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.