Financial Instruments: Mastering the New FASB Requirements

  • Monday, May 1, 2017 – Monday, April 30, 2018

  • 6.5

How does the guidance in the new financial instruments standards differ from current GAAP? This CPE course 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 course will teach accountants in public practice and industry the background, purpose, and main provisions of the new financial instruments standards. Specifically, the course will address transition guidance, disclosure requirements, and implementation guidance.


Identify changes in 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 credit loss model for financial assets for the recognition of losses. Identify related disclosure requirements


Current expected credit loss history Measuring expected credit losses Bond and equity portfolios Current expected credit loss models Presentation and disclosure requirements

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Designed For

Accountants in public practice and industry who need an update on the latest financial instruments guidance.


American Institute of CPAs

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