How does the guidance in the new financial instruments standards differ from current GAAP? This seminar 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. Learn the background, purpose, and main provisions of the new financial instruments standards. Specifically, address transition guidance, disclosure requirements, and implementation guidance.
DESIGNED FOR
Accountants in public practice and industry who need an update on the latest financial instruments guidance.
BENEFITS
- 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
- Transition and implementation guidance
- Classification of financial Instruments
- Measurement of financial instruments
- Impairment of financial assets
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in the application of accounting standards.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.