This course covers accounting guidelines for treating credit losses in financial assets. It introduces the concept of expected credit losses (ECL), which replaces the traditional incurred loss model. Under this approach, entities recognize credit losses based on expected future losses rather than waiting for losses to be incurred.
In this CPE Course, we will discuss the various aspects, including recognizing credit losses using an allowance approach, factors influencing the estimation of expected credit losses, and disclosures required to provide transparency to stakeholders.
Furthermore, it delves into specific scenarios such as off-balance sheet exposures, the credit risk associated with variable consideration, and the treatment of credit-deteriorated assets. The guidelines also cover presentation and disclosure requirements, emphasizing the importance of transparent reporting to help users understand the entity's exposure to credit risk and the methodology used to estimate credit losses.
Key topics covered:
Join this CPE Course and take your credit risk analysis skills to the next level. Don't miss this opportunity to stay ahead in the ever-evolving world!
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President, Emergent Solutions Group LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
PH
Excellent presentation. Ms. Louis is a good speaker and is very knowledgeable regarding her subject.
TM
Great presentation with a very knowledgeable presenter!
LS
Learned a lot about this course
Excellent course on CECL.
SA
GOOD
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