Applying the New Expected Credit Loss Model
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CPE PowerPass Users
Overview:
All entities are subject to the new expected credit loss model established by recent GAAP. This course will provide highlights of the latest requirements for measurement, presentation, and disclosure.
Objectives:
- Identify the latest accounting and financial reporting requirements of the expected credit loss model for certain financial instruments
- Recall answers to frequently asked questions related to applying the new requirements to nonpublic entities that aren’t financial institutions
Major Topics:
- Principles behind the new expectation credit loss model
- Acceptable methods for evaluating expected credit loss for certain financial instruments
- Enhanced disclosure requirements common for nonpublic entities
Major Topics:
- Principles behind the new expectation credit loss model
- Acceptable methods for evaluating expected credit loss for certain financial instruments
- Enhanced disclosure requirements common for nonpublic entities