QAS Self-Study
Overview
CPE Credits
4 Credits: Accounting
Course Description
This course provides an in-depth overview of Accounting Standards Update (ASU) No. 2016-13, Measurement of Credit Losses on Financial Instruments, issued by the Financial Accounting Standards Board (FASB) in June 2016. The new standard will apply to nearly all entities, not just those in the financial services industry, and will change how entities document and account for credit impairment on their respective financial instruments. This new standard is effective for public business entities for annual periods beginning after December 15, 2019 and interim periods therein. As such, this means that calendar-year SEC filers will have to apply the new requirements starting in first quarter 2020.
Learning Objectives
Upon successful completion of this course, participants 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. 2016-13and IFRS 9
- Recognize recent developments affecting entities who are required to apply the amendments in ASU No. 2016-13
Course Specifics
|
Course ID 1203528 |
Revision Date February 21, 2023 |
Number of Pages 90 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Credit Losses on Financial Instruments
$116.00 – $136.00
QAS Self-Study
Overview
CPE Credits
4 Credits: Accounting
Course Description
This course provides an in-depth overview of Accounting Standards Update (ASU) No. 2016-13, Measurement of Credit Losses on Financial Instruments, issued by the Financial Accounting Standards Board (FASB) in June 2016. The new standard will apply to nearly all entities, not just those in the financial services industry, and will change how entities document and account for credit impairment on their respective financial instruments. This new standard is effective for public business entities for annual periods beginning after December 15, 2019 and interim periods therein. As such, this means that calendar-year SEC filers will have to apply the new requirements starting in first quarter 2020.
Learning Objectives
Upon successful completion of this course, participants 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. 2016-13and IFRS 9
- Recognize recent developments affecting entities who are required to apply the amendments in ASU No. 2016-13
Course Specifics
|
Course ID 1203528 |
Revision Date February 21, 2023 |
Number of Pages 90 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
Credit Losses on Financial Instruments
$116.00 – $136.00