Overview
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What is the purpose of the new standards?
2 mins
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What is Main Provisions?
21 mins
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Fees between debtor and creditors
48 mins
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Third-party costs of exchange or modification
50 mins
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Case A: Warrant modification recognized as an equity issuance cost
73 mins
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 Accounting 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.
This Online CPE Course covers the following Major Topics:
- 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 discuss how to treat line-of-credit or revolving-debt arrangements.
- To analyze what disclosures are necessary.
- To review the illustrative cases presented.
Recommended For
- This Online CPE webinar on Accounting is recommended for all the CPAs and accounting professionals engaged in financial reporting.
Who Should Attend?
- Accountant
- Accounting and audit managers/practitioners
- Accounting Firm
- Accounting Managers
- Accounting Practice Owners
- Auditors
- Bookkeepers & Accountants & Tax Preparers
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Senior Accountant
- Staff of Accounting Firm
- Young CPA