Surgent's Accounting for Financial Instruments: Making Sense of the FASB'S New Guidance on Impairment, Hedging, and Financial Assets and Liabilities

Description

With the recent completion of its financial instruments project, the FASB has made some significant changes to how an entity accounts for many of its financial instruments. In ASUs dealing with the recognition and measurement of financial assets and liabilities (ASU No. 2016-01), impairment (ASU No. 2016-13), and hedging (ASU No. 2017-12), this new guidance will challenge all entities, not just those in the financial services industry. This means you.

In this course, we'll review the new guidance in each of these areas and how it varies from existing guidance in these key areas. Specifically, we'll review the details of the new Current Estimate of Credit Losses (CECL) model, which entities must follow when determining the credit losses on their financial instruments and which will result in the earlier recognition of credit losses. Next, we'll discuss what's changed in hedge accounting and how these changes may make hedging transactions more appealing to smaller entities. Lastly, we'll explore the changes in where entities record the changes in fair value for equity securities. As almost all entities have some financial instruments that are within the scope of one or more of these new Updates, now is the time for you to get up to speed on this significant new guidance.

Date/Time

Tuesday, August 20, 2019
Registration Time: 8:00am
8:00am – 11:30am

Add to Outlook calendar

Course Type

On-line Live Vendors

CPE Credit

4.00 hours CPE credit

Field of Study

Accounting

Level of Knowledge

Intermediate

Designed For

Practicing CPAs and their staff, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in financial accounting and reporting

Advanced Preparation

None

Highlights

  • Key provisions of each of the FASB’s new Updates related to financial instruments, dealing with recognition and measurement, impairment, and hedging
  • Differences between the new accounting guidance and existing GAAP related to accounting for financial instruments
  • Challenges when implementing the FASB’s new guidance on financial instruments
  • Examples of applying the new guidance to real-life situations

Objectives

  • Recall the key provisions of the new FASB Updates dealing with recognition and measurement of equity securities, impairment, and hedging
  • Review the changes from current accounting guidance resulting from the issuance of these new Updates
  • Identify key challenges in implementing the FASB’s new financial instrument standard
  • Apply the new accounting guidance related to financial instruments to real-life situations

Location

N/A (This is a webcast)
Member Fee $139.00
Non-Member Fee $139.00
Your Price $139.00
View more conferences and courses

Registered for CPE? Log in to download electronic course materials.