Credit Losses on Financial Instruments
SKU: 02-080-01-CPE
Credit Hours: 4
Level: Basic
CPE Category: Accounting
Requires Prerequisites or Advanced Preparation: No
Delivery Method: PDF
Instructor: Kelen F. Camehl, CPA, MBA
Course Description:
This course will provide financial statement users with more decision-useful information about the expected credit losses on financial assets and other commitments to extend credit held by a reporting entity at each reporting date.
At the end of this course, students will be able to:
- Identify the key provisions as it relates to ASU No. 2016-13
- Recognize key background information as it relates to the development of ASU No. 2016-13
- Recognize the credit loss measurement requirements for assets measured at amortized cost and available-for-sale debt securities
- Identify the incremental financial statement disclosure requirements as a result of ASU No. 2016-13
- Identify the effective date and transition requirements
- Differentiate the requirements prescribe by ASU No. 2016-13 and IFRS 9
- Recognize recent developments affecting entities who are required to apply the amendments in ASU No. 2016-13