Webcast
Basic
CPE Credits
2 Credits: Accounting
Course Description
The accounting for credit losses has changed drastically as the result of ASU 2016-13. Some practitioners believe that this update only applies to financial institutions, but it not only applies, buts will also have a major impact on most other entities as well.
In this course, Jeff explains the new concept of CECL and how it is used to account for credit losses. The focus on this course will be on the accounting while including just enough finance information for the standard to make sense. In addition, he will provide advice on how to coordinate the efforts of the accounting staff with that of the finance department.
As in all his courses, Jeff will include some levity to help you stay focused.
Learning Objectives
Upon completion of this course, the participant should be able to:
- Define CECL.
- Explain the differences between CECL and current GAAP.
- Describe various methods for applying CECL.
- Apply CECL to loans.
- Apply CECL to trade receivables.
- Apply the proper prestation.
- Explain the general nature of required disclosures.
Course Specifics
|
Course ID WC1120225420 |
Prerequisites Basic Accounting |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights …
Accounting for Credit Losses - Getting to Know CECL
$98.00
Webcasts are available for viewing Monday – Saturday, 8am – 10pm ET.
Webcast
Basic
CPE Credits
2 Credits: Accounting
Course Description
The accounting for credit losses has changed drastically as the result of ASU 2016-13. Some practitioners believe that this update only applies to financial institutions, but it not only applies, buts will also have a major impact on most other entities as well.
In this course, Jeff explains the new concept of CECL and how it is used to account for credit losses. The focus on this course will be on the accounting while including just enough finance information for the standard to make sense. In addition, he will provide advice on how to coordinate the efforts of the accounting staff with that of the finance department.
As in all his courses, Jeff will include some levity to help you stay focused.
Learning Objectives
Upon completion of this course, the participant should be able to:
- Define CECL.
- Explain the differences between CECL and current GAAP.
- Describe various methods for applying CECL.
- Apply CECL to loans.
- Apply CECL to trade receivables.
- Apply the proper prestation.
- Explain the general nature of required disclosures.
Course Specifics
|
Course ID WC1120225420 |
Prerequisites Basic Accounting |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights …
Accounting for Credit Losses - Getting to Know CECL
Webcasts are available for viewing Monday – Saturday, 8am – 10pm ET.
$98.00