Webinar

Financial Instruments: Mastering the New FASB Requirements

  • Wednesday, September 20, 2017

    9:00am – 5:00pm
  • 8
    CREDITS
    Accounting

How does the guidance in the new financial instruments standards differ from current GAAP? This webcast addresses that question by examining the core principles of the new standards. The FASB's financial instruments projects reconsider classification and measurement of financial instruments, as well as issues related to impairment of financial instruments. This webcast will teach accountants in public practice and industry the background, purpose, and main provisions of the new financial instruments standards. Specifically, the webcast will address transition guidance, disclosure requirements, and implementation guidance.

Objectives

LEARNING OBJECTIVES When you complete this webcast you will be able to:

 Identify changes to FASB ASC 825, Financial Instruments, as a result of the new financial instrument standards on classification and measurement and impairment.

Recall key points related to the simplification of accounting requirements.

 Recall significant points related to the single credit loss model for financial assets for the recognition of losses.

Identify related disclosure requirements.

Highlights

TOPICS DISCUSSED

Transition and implementation guidance

Classification of financial Instruments

Measurement of financial instruments

Impairment of financial assets

Additional Information

Designed For

Accountants in public practice & industry who need an update on the financial instruments guidance

Vendor

American Institute of CPAs

Prerequisite

Experience in the application of accounting standards

Field of Study

Accounting

Course Number

171429691

Level of Knowledge

Intermediate

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