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FASB Clarifies Accounting for Certain Call Option Modifications

Michel Morley

Mike Morley

Friday, May 28, 2021 | 11:00 AM EDT

  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

FASB issued a new standard that is designed to clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange.

Warrants are one example of the type of call option covered by this guidance.

This online CPE course will help provide guidance on how an issuer would measure and recognize the effects of these transactions. The new standard provides a principles-based framework to determine whether an issuer should recognize the modification or exchange as an adjustment to equity or an expense.

 Major Topics Covered:

  • The purpose and scope of the new amendment.
  • Main provisions of the amendment.
  • Rules for applying the cash flow test.
  • Fees between debtor and creditor.
  • Third-party costs of exchange or modification.
  • Line-of-credit or revolving-debt arrangements.
  • Required disclosures.
  • Illustrated cases.

Learning Objectives

  • To become familiar with the main provisions of the amendment.
  • To know how to apply the cash flow test.
  • Account for fees between debtor and creditor.
  • Deal with third-party costs of exchange or modification.
  • To discus how to trat line-of-credit or revolving-debt arrangements.
  • To comprehend what disclosures are necessary.
  • To review the illustrative cases presented.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Auditors
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Young CPA