Credit Losses on Financial Instruments
SKU: CPE-07-080
Credit Hours: 4
Category: Accounting
Delivery Method: Online PDF
Instructor: Kelen F. Camehl
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
This course will cover the following topics:
- 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