MYCPE ONE

Topic 326 Financial Instruments - Credit Losses 2 Credits 2 Credits

May 09, 2022, 03:00 PM EDT

Topic 326 Financial Instruments - Credit Losses 2 Credits 2 Credits

  • Michel Morley

    | CPA (US)

  • Rating

    4

  • Reviewed on

    February, 2025

  • Subject Area

    Accounting

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
May 09, 2022, 03:00 PM EDT

Access to this course is included with a MYCPE ONE subscription.

See how subscription works

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 Overview

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:

  • 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.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 2 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 2 CPE Eligible
Financial accounting for Certified Valuation Analyst (CVA) 2 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 2 CPD Eligible
Accounting for Chartered Financial Analyst (CFA) 2 PL Eligible
Accounting for Certified Government Financial Manager (CGFM) 2 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Approved
Accounting for Internal Audit Practitioner (IAP) 2 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 2 CE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Approved
Accounting for CIPM 2 PL Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 2 CPE Approved
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Certified Internal Auditors (CIA) 2 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 2 CPE Eligible
Certified Management Accountants (CMA) 2 CPE Eligible
Accredited in Business Valuation (ABV) 2 CPD Eligible
Certified Valuation Analyst (CVA) 2 CPE Eligible
Certified Financial Forensics (CFF) 2 CPD Eligible
Chartered Financial Analyst (CFA) 2 PL 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 FP&A Professional (FP&A) 2 CE Eligible
Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2 CPE Eligible
CIPM 2 PL Eligible

Additional Information

Credits

2

Credits

2

Course Level

Intermediate

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

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

MY-CPE LLC 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.

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!

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE

Michel Morley | CPA (US)

Presenter, Self-Employed

  • 4.3
  • rating
  • rating
  • rating
  • rating
  • rating

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.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course 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 professional organizations 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.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn credits through live webinars?

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.

Are the live webinars accepted by NASBA and other Professional Organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with live webinar courses?

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.

How can I access my webinar completion certificates?

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 accepted for compliance and reporting purposes with NASBA, IRS, CFP Board, HRCI, SHRM (for PDCs), Payroll Org, FP Canada, and 25+ other professional organizations.

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.

Reviews and Ratings

out of 5

Excellent (41%)

Very Good (33%)

Average (19%)

Poor (4%)

Terrible (4%)

JD

Jonathan Dicrisantis, CPA (US)

5

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

HS

Heather Sutton, CPA (US)

4

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.

Recommended Courses

Assurance Update: Getting Ready for 2026 and Beyond

Apr 28, 03:30 PM EDT

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CGMA
  • CRMA
  • CPA/CFF
  • CGFM
  • CGAP
  • DE LPA
  • IAP
  • CICA
  • QIAL
  • IA LPA
  • CCS
  • ME LPA

Property, Plant & Equipment: Effective Audit Procedures

Apr 28, 04:00 PM EDT

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CGMA
  • CRMA
  • CPA/CFF
  • CGFM
  • CGAP
  • DE LPA
  • IAP
  • CICA
  • QIAL
  • IA LPA
  • CCS
  • ME LPA

From Pennies to Profits: Cash Flow Secrets Revealed! - Part 2

Apr 29, 09:30 AM EDT

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CGMA
  • CVA
  • CPA/CFF
  • CFA
  • CGFM
  • DE LPA
  • IAP
  • FPAC
  • QIAL
  • CBA/MCBA
  • IA LPA
  • ME LPA
  • CIPM

SSARS and Nonattest Services for Stronger Quality Control

Apr 29, 11:30 AM EDT

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CRMA
  • CPA/CFF
  • CGFM
  • CGAP
  • DE LPA
  • IAP
  • CICA
  • QIAL
  • IA LPA
  • CCS
  • ME LPA

AP Invoice Fraud: Red Flags & Controls

Apr 29, 12:30 PM EDT

  • CPA (US)
  • CIA
  • CFE
  • CRMA
  • CPA/CFF
  • CGAP
  • DE LPA
  • IAP
  • CICA
  • MAFF
  • QIAL
  • IA LPA
  • CCS
  • ME LPA

External Auditing Standards and Best Practices Update

Apr 29, 12:30 PM EDT

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CRMA
  • CPA/CFF
  • CGFM
  • CGAP
  • DE LPA
  • IAP
  • CICA
  • QIAL
  • IA LPA
  • CCS
  • ME LPA
Topic 326 Financial Instruments - Credit Losses

Inclusions

  • Multiple Credits

    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting

    Certifications & Reporting

    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 - fastest in the industry.

  • Credit Tracker

    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault

    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders

    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access

    Mobile App Access

    The MYCPE ONE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support

    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Get Started with Unlimited Learning

Select your plan, complete your payment, and access a world of knowledge.

Get Started Today

Start your journey towards learning and compliance.

card

$299$199 For 12 Months

Your information is securely encrypted using SSL

Get Started Today

Click Here

More Reasons to Subscribe

  • true true

    80% of Content Rated 4.5+ Stars

    High-quality content rated by professionals.
  • true true

    4X More Content at 1/3rd the Price

    Serious value compared to your regular provider!
  • true true

    Non-Sponsored Content

    Purely educational, unbiased content for your learning.
  • true true

    Monthly & Quarterly Updates

    Keeping you ahead of trends and changes.
  • true true

    Podcasts with Industry Leaders

    Learn and Earn CPE from experts on the go.
More Reasons