Topic 326 Financial Instruments

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Topic 326 Financial Instruments - Credit Losses

Learning Objectives

To examine the background and scope of Topic 326.
To analyze the latest information regarding troubled debt restructurings.
To inspect the specific items targeted by each amendment in Topic 326.
To explain the applicable new accounting treatment for each amendment.
To analyze the effect of the amendments.
To discuss the unique disclosure and presentation requirements of Topic 326.

Course Description

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 related 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.

Following are the major topics covered in this CPE Accounting course:

Basic concepts, scope, and applicability of accounting for troubled debt restructurings.
Planning the approach: accounting policies and decision criteria.
Sizing up the impacts of implementation: questions you need to ask.
Specific rules and provisions for troubled debt restructurings.
Recognition criteria.
Disclosure and presentation requirements.
Notes to financial statements.

Join this CPE course by Mike Morley to understand all the amendments introduced by FASB in Topic 326: Financial Instruments and Credit Losses.

Webinar Qualifies For

2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 General Credit for Accountant/Bookkeeper/Tax Professionals
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPD Credit for Accredited in Business Valuation (ABV)
2 CPD Credit for Certified Financial Forensics (CFF)
2 PL Credit for Chartered Financial Analyst (CFA)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CE Credit for Certified Wealth Strategist (CWS)
2 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
2 CPE Credit for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
2 CE Credit for Certified FP&A Professional (FP&A)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 PL Credit for CIPM

About Instructor

Michel Morley

Founder, Mike Morley

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.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

3.9

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Very Good

Average

Poor

Terrible

Jonathan Dicrisantis, CPA (US)

I liked this webinar. It was informative and helpful, with regards to TDRs.

Heather Sutton, CPA (US)

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.

Gary Kral, CIA, CPA (US)

This presentation and subsequent questions are terrible. The presenter is awful to listen to and the questions are ridiculously poor.

2 Credits

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Subject Area

Accounting

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Topic 326 Financial Instruments - Credit Losses

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Michel Morley

Other Details

Additional Information

2 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

3.9

Jonathan Dicrisantis, CPA (US)

Heather Sutton, CPA (US)

Gary Kral, CIA, CPA (US)

Subject Area

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