All entities are subject to the new expected credit loss model established by recent GAAP. This course provides highlights of the latest requirements for measurement, presentation, and disclosure.

Major Topics:

  • Principles behind the new expectation credit loss model
  • Acceptable methods for evaluating expected credit loss for certain financial instruments
  • Enhanced disclosure requirements common for nonpublic entities

Who Should Attend:
Anyone responsible for preparing or attesting upon financial statements.

Learning Objectives
  • Identify the latest accounting and financial reporting requirements of the expected credit loss model for certain financial instruments.
  • Recognize and recall answers to frequently asked questions related to applying the new requirements to nonpublic entities that aren’t financial institutions.
Last updated/reviewed: March 23, 2025
1 Review (1 rating)

Reviews

5
Anonymous Author
This is excellent one and i wish to have many more like it
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Learning Objectives0:46
  Overview of ASC 32616:28
  Application Principles8:50
  Estimating the Allowance for Credit Loss9:54
  Accounting Process14:06
  Other Important Considerations9:10
  Presentation and Disclosures19:12
  Available for Sale Debt Securities20:56
CONTINUOUS PLAY
  Complying with the New Expected Credit Loss Model1:39:22
SUPPORTING MATERIAL
  Slides: Complying with the New Expected Credit Loss ModelPDF
  Complying with the New Expected Credit Loss Model GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam