Topic 326 Financial Instruments - Credit Losses 2 Credits
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Sometimes it is a challenge to keep up with the amendments in accounting standards issued by FASB. This CPE webinar will quickly bring you up to date on the applicable amendments introduced by FASB in Topic 326: Financial Instruments and Credit Losses.
Topic 326 is intended to help all entities deal with Troubled Debt Restructurings (TDRs). These amendments related to disclosures affect public business entities with investments in financing receivables. In addition, it expands the scope of the Financial Instruments portfolio accounting to include related financial assets.
This topic specifies that write-offs and changes in value and carrying amounts may be treated in different ways. These amendments enhance disclosure requirements for certain loan refinancing arrangements and restructurings by creditors when a borrower is experiencing financial difficulty.
The standard provides additional guidance on the accounting for and disclosure of receivables adjustments. Finally, it specifies receivables should be considered when determining credit losses affecting long-lived assets.
The following are the major topics covered in this CPE Accounting course:
Join this CPE course by Mike Morley to understand all the amendments introduced by FASB in Topic 326: Financial Instruments and Credit Losses.
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 2 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 2 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 2 CPE | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 2 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 2 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 2 CPD | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 2 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Accounting for CIPM | 2 PL | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 2 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Certified Internal Auditors (CIA) | 2 CPE | Eligible |
| Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Accredited in Business Valuation (ABV) | 2 CPD | Eligible |
| Chartered Financial Analyst (CFA) | 2 PL | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 2 CPE | Eligible |
| Certified Government Financial Manager (CGFM) | 2 CPE | Eligible |
| Internal Audit Practitioner (IAP) | 2 CPE | Eligible |
| Certified Wealth Strategist (CWS) | 2 CE | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 2 CE | Eligible |
| Certified Financial Forensics (CFF) | 2 CPD | Eligible |
| Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Qualification in Internal Audit Leadership (QIAL) | 2 CPE | Eligible |
| CIPM | 2 PL | Eligible |
| Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
| Certified FP&A Professional (FP&A) | 2 CE | Eligible |
Credits
2
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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Dive into the world of CPA CPE courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
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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.
How are credits reported to governing bodies?
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.
JD
I liked this webinar. It was informative and helpful, with regards to TDRs.
HS
The instructor was rather boring. It would have been nice to have more numerical and/or real life examples - it felt like everything was read right out of a text book.
Feb 24, 10:00 AM ET
Feb 24, 10:00 AM ET
Feb 24, 12:30 PM ET
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Feb 24, 03:00 PM ET
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