2018 CECL Model

Authored by Pat Patterson
About this Course
Topics covered include: Impact of financial instruments, which includes financial assets and financial liabilities leases; Issues are regarding the reporting of financial assets and financial liabilities; An explanation of the 'Current Expected Credit Loss', CECL model; The measurement of financial assets and financial liabilities; Issues involving effective dates and the impairment reporting on financial instruments; Transition to the new standard and effective dates will be dealt with. Upon completing this course, you should be able to: Identify timely updates on the recently issued new FASB Financial Instruments standard, ASU 2016-01 and ASU 2016-13; Recognize how he ASU 2016-01 standard and its application will impact practically every professional accountant that deals with accounting issues and financial assets and financial liabilities; Describe the Current Expected Credit Loss model in ASU 2016-13; Identify ASU 2016-01 and ASU 2016-13 effective dates, reporting requirements, disclosure requirements, and related matters; Describe the main objectives of ASU 2016-01 and ASU 2016-13; Recognize steps for implementing the CECL model.
$ 17.00
Course is unavailable for purchase.
NASBA Field of Study
Auditing
Level
Update
CPE Credits
2.0
Prerequisites
General knowledge of generally accepted accounting principles.
Last Updated
07/02/2018
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