Fair Value Measurements of Financial Instruments: Current Expected Credit Losses
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$59.00 Regular Price
Product Code: AI23-FVM-CLCI
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
Be prepared for changes to come.
The new Current Expected Credit Loss impairment standard is coming and will significantly affect industries with several receivable accounts. Developed for those engaged in the financial instruments valuation profession, this CPE course examines the core principles of this new standard, so you can be prepared for the changes to come. You will learn the background, purpose, and main provisions of the standard under GAAP and IFRS such as: issues with previously issued standards that caused a new standard to be written, CECL vs. ECL. Get the knowledge you need to be prepared.
Objectives:
Learning Outcomes
- Identify similarities and differences between current expected credit losses (CECL) and expected credit losses (ECL).
- Recall the key pillars of CECL and how the new standard changes the allowance calculation.
- Recall other aspects of CECL, such as purchased financial assets with credit deterioration.
Major Topics:
Key Topics
- Pillars of CECL
- Historical loss period - contractual term
- Data aggregation methods
- Life cycle losses
- Prepayments
- Loan commitments