Seminar
Live Replay WebinarBasic level
Accounting for Credit Losses- Getting to Know CECL
The accounting for credit losses has changed drastically as the result of ASU 2016-13. Some practitioners believe that this update only applies to financial institutions, but it not only applies, buts will also have a major impact on most other entities as well. In this course, Jeff explains the new concept of CECL and how it is used to account for credit losses. The focus on this course will be on the accounting while including just enough finance information for the standard to make sense. In addition, he will provide advice on how to coordinate the efforts of the accounting staff with that of the finance department. As in all his courses, Jeff will include some levity to help you stay focused.
Learning objectives
Upon completing this course, you should be able to:
- Upon completion of this course, the participant should be able to:
- Define CECL.
- Explain the differences between CECL and current GAAP.
- Describe various methods for applying CECL.
- Apply CECL to loans.
- Apply CECL to trade receivables.
- Apply the proper prestation.
- Explain the general nature of required disclosures.
Major topics
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Who this is for
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Prerequisites: None
Course details
- Recommended CPE credit
- 2 — Accounting
- Field of study
- Accounting
- Program level
- Basic
- Delivery method
- Group Internet Based
- Prerequisites
- None
- Advance preparation
- None
- Length
- 1h 40m
- Course number
- 26c01354
- Provider
- CPE Today
CPE Today (Devmatics, 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 (Sponsor ID 167619). 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, nasbaregistry.org. For information about our refund, complaint, and program cancellation policies, see Company Policies or contact [email protected].
Your instructor
Jeff Sailor
Owner · Jeff Sailor Seminars
Jeff Sailor is a provider of high-quality, innovative Accounting and Auditing CPE Courses. For more than 30 years, Jeffrey L. Sailor, CPA and his creative team have produced the most informative, engaging and fun CPE courses available.
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