Applying the New Expected Credit Loss Model 2 Credits
Learning mode
Oct 10, 12:30 PM
ET
Enhance your accounting expertise with the latest insights on the Expected Credit Loss (ECL) model outlined in our comprehensive CPE webinar. Authored by Jennifer Louis, it offers an in-depth understanding of ASC 326, Financial Instruments - Credit Losses, and its impact on financial reporting. You'll navigate through complex accounting requirements, enabling you to recognize credit losses more efficiently.
Our CPE Accounting Course covers various facets, including identifying the applicability of ASC Topic 326 across diverse entities, emphasizing the measurement and recording of allowances for financial instruments at their initial recognition. It emphasizes the net amount expected to be collected on financial assets and the adjustment of the amortized cost basis to reflect credit loss allowances accurately.
Dive into the CECL model, which mandates the assessment of financial assets for impairment based on expected credit losses rather than incurred losses. The course guides you through different estimation methods, such as discounted cash flow, loss rate, roll rate, probability-of-default, and aging schedule methods, empowering you to select the most suitable approach.
This program aids in navigating complex areas, detailing the unit of account and factors influencing the estimation of credit losses, including credit quality indicators and contractual terms. Furthermore, it explores nuances like adjustments to historical experience and evaluating collectability, empowering you with practical tools to enhance financial reporting accuracy.
Major Topics:
Join our online course to gain a competitive edge in understanding, applying, and staying compliant with the Expected Credit Loss model, elevating your proficiency in accounting standards and financial reporting practices.
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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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.
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To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
SW
a very challenging new topic - Jennifer Louis did a fabulous while still maintaining humor. She explained items with applicable examples. She was very detailed with journal entries and explanations. Thank you!
BC
The presenter did a great job going over the main points of the model.
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